My question is basic to most real estate, but I don't know the answer.If they've got it listed with a realtor, can I walk in my friends' house, present my offer, produce a contract, and be legal in it?

With $5k down and owner financing, if your rent is better than all your costs thus producing cash flow, buy it, ride out what could be a few years of appreciation then dump, or keep as a long term hold.

And, if the RE guy flips the property and moves on to the next on, that is better and may serve as a construction company, but the rehab guys usually don't work as often or produce the benefits of a factory assembly line.All said, RE is on the bottom of rungs of the ladder in a way as investors tend to go with RE cycles, seasonal work, inventory fluctuations, it's just never been a steady employer like a drug store or lumber yard or small factory.

Anyways, in scanning the inventory of parking spots in Boston it appears that a few spots could produce a small cash flow.

The buyer must produce some form of unencumbered personal assets to guarantee the loan amount.

Working 90 hours a week without producing quantifiable results won't make you a ton of money.

I think you've always got to keep SOME liquidity on hand, and the amount you should keep on hand is usually a factor of the age of the property, it's cash flow, and how expensive (or inexpensive) the thing is to own in the first place.When I start getting excess liquidity, that's usually my sign that it's time to take a chunk of that cash and put it into another income producing property.

For many investors, it makes sense to invest some of it into income-producing investments -- specifically income investment property(ies).Feel free to post any other questions you have.Continued success!

I just started top producer today and i'm not very happy with it.

The funds that were drawn to produce the Certified Check will have to be in husband's name to do this.