BP even gave them a pod cast but once BP learned of this carnage they took it down.. so good for them.the local Pm's there are doing their best.. but they are not miracle workers. you basically own a home that a wholesaler sold Morris or Ocean pointe for 5 to 15k max and then they sold it to you for a big profit. don't beat yourself up there are litterally hundreds who as others have said got conned by this company they have since started selling in Jacksonsville FLA and i hear the same stuff .. and other markets.the Model is buy the absolute cheapest homes in the absolute worst markets.. then sell to sight unseen investors at a dollar amount that is so low as to get folks guard down.. then for whatever reason when rehab funds are sent the houses are not rehabbed.. there has been claims by others that rent was even paid on vacant houses. giving the buyers the illusion that they had a finished product and secure investment.. only to find out it was a sham.. house vacant and trashed.. the buyers really need to do a public service and shout this from the roof tops along with other remedies of law.. this is giving a very bad image of what out of state investing can be.. it hurts the good people in the business.

I explain I'm not worried about tidiness, since I'm catching them off guard and it's basically to make sure there's no massive damage.

Hi All -We close on our first rental tomorrow and have a few options to rent the vacant property.One avenue that has come to our attention is renting to the Coast Guard. 

Unless you can carry the mortgage on your own without renting just as a safe guard, I would be cautious.

@Jasmine HicksSounds like you have a great foundation.Mentors tend to be extremely busy and guard with their time as there are a sea of folks looking for mentors.

This includes demo to studs and new Durock/Drywall, red guard waterproofing, finish and paint.

These companies predicated on agent growth and expansion can bite the dust when the normal economic down cycle happens and only the old guards are still doing transactions.When the down economy happens the buyers and sellers tend to use brokers and agents that have been through cycles and have the experience to navigate the choppy waters.

I'm not a tax advisor, but before you start, being from California I would make sure you talk to your tax advisor first so you don't get caught off guard by any Franchise Tax Board fees on the backend if there are any.

I am enlisted in as AGR (Active Guard Reserve) in the Oklahoma National Guard, and I also almost a full-time student, I save any money I can, and it is typically $300 a month or any extra money I come across so that I can invest in a new property.  

Since HELOCs have adjustable rates they will often catch people off guard when they adjust.