We each bring something to the table and we're closing on our first two deals in Troy, NY this month.Keep talking to people and keep learning but don't be afraid to get started and take action.  

I have gone to the closing table with no insurance and one call I have insurance to close.

The Knoxville Real Estate Investors Association - KnoxREIA.com - will begin advertising Turnkey properties from its members in September and there will be a Deal Table beginning with the Sept 13 meeting.

It is a unique and profitable niche if done properly.

The good part of this is that it's a pretty good job, so it will allow me to have a fair income/cash flow to put towards investing.Otherwise, I'm a quick learner and fairly good with finances but I'm not bringing anything to the table in terms of knowledge about construction/building/renting/etc. 

In instances where a buyer wishes to use HUD financing (which does the loans directly, rather than going through FHA, in most cases), the buyer is almost always forced to use a "bridge" loan or close all cash at closing and then put the HUD loan on later in the process.Sitting on the other side of the table -- yes, I would want more money for the headache of dealing with FHA red tape, too.

But after speaking to mentors and brokers, I realize that I need to strengthen my background and experience before I am taken seriously when I ask for a seat at the table.  

Here is the definition of MAGI: https://www.irs.gov/publications/p925/ar02.html#en...Here is a quick table to calculate MAGI:https://www.irs.gov/businesses/small-businesses-se...

Personally I would think it would be easier to do creative financing for this situation than to raise money for such a unique deal unless your parents really believe in you and have that much money laying around.Let us know how it turns out.

So lets assume that optionis off the table and that I will not look to sell these properties either.