So far I've just been soaking up the knowledge by reading the posts a few times each day.

Not a bad deal for 0 cash down.Here's my problem: I've talked with a number of local investor friendly mortgage brokers and all of have basically told me that I need a minimum of $30k seeded to qualify for a traditional investor mortgage due to government standards.

As for advice, keep soaking up the knowledge, and don't hesitate to ask a question - there are NO stupid questions.We're here to help, so be sure to let us know what you need.

Welcome to BP glad you decided to not fork over that money for something useless and soak up some info on this site.

Since I cant really use the land itself was there a possibility of using the lands value to obtain a valuable line of credit when needed to fix up and flip these deals that I am now comming across on a regular basis.I know it used to be done for farmers who used the value of their land and or crops while waiting for the harvest and its sale to feed the family and for the seed for the next planned planting.I remember this from my youth days, but never did like farming so I have not ever looked into how these types of loans were done.But being able to pick up these deals now (using the land value) and then also gives me the possibility of selling off part of the land as needed for liquidity and or willing it to my successors to set them up.

Then get rid of that pool ASAP once you have a plan for covering over that ground area - sod or seed, we're late into the growing season.

Thanks, looking forward to soaking up the information on this site like a sponge!

But the house happens to be in an area where it is acceptible to have the yard native, and the neighbors don't have lots of rogue weeds to send weed seeds over.

You have never seen ROI till you have seen mother nature do it with soil and seeds.

My name is Adam - I am 23 and I want to become a successful real estate investor.I graduated from Kent State in 2010 and instead of doing finance, I started my own internet business.I have been fortunate enough to experience incredible success in my business and will clear six figures this year.With that said - I have a lot of expendable income that I want to invest in real estate.I have been reading and educating myself and will try and soak up the forums.My question is - This is my first year in business and I have no tax returns to prove my income until 2012.