Been MIA from work and looking at properties.I just wanted to run a quick calculation I ran to see if I'm covering as many bases as I can in a short period of time while searching for potential investment properties.So for this example the property is listed as $719,900If I include $20,000 for rehab to my OPM and take out my $210,000 downpay (Which I set aside $10,000 for any other closing fees, etc), my mortgage would be $529,900With a fixed 30 year mortgage at 4.5% interest it comes out to a monthly payment of $2,685.

Hi, I'm here to learn as much as I can in the real estate business

Thanks for the help I am just trying to figure as much information I can in Real Estate

I also know a few investors who believe we're only a year or two away from a correction and they are flipping as quickly as they can in order to not be caught in a buy-hold.For me personally, Seattle is a little too hot for me to want to try any kind of small (sub-$5m purchase price) buy-hold investment.

residential* Have fat fingers this morning 

It's going to be a long read, but I'll try to trim the fat as much as possible.Right out of high school, I got a full-time job.

I am trying to read everything I can in BP and I know that this topic has been discussed ad nauseam, for that I apologize.  

We do not dangle this out there like free money, and make sure whenever someone asks about the loan that they are aware of the hidden costs of using such a loan.With all of the above said, it can in some cases make sense to use the 401k loan feature, but if there is a  huge upside to the project - getting started in a promising new business or something of that nature - and when other sources of capital are not available.

I am completely new to real estate but would like to learn as much as I possible can in the area of Bridgeport Connecticuit.

The challenge in southern CA is Hispanic nepotism, La Raza movement is alive and well, or not speaking Manderin Chinese, its increasingly a requirement sadly.So yeah, I won't quit looking for the right opportunity in sales, like solar, or getting a cushy government job with benefits, but the private sector has a big fat target on human labor due largely in part to the Affordable Care Act requirements.