Novices can prosper in distressed properties given a strong support network of brokers, contractors, and financial advisors.

Section 179 deductions may apply to assets directly supporting your business, excluding personal-use components.This post does not create a CPA-Client relationship.

We have helped a ton of clients with the process here in Chicago..just be sure to find a team (Agent, Lender, HUD Consultant, and General Contractor) that has done these renovation loans in the past!

They have always been there when I needed to ask a question or work on a deal for a client.

A link to FilePlace is at the bottom of every page, making it easy to find.If you have technical issues, email support@biggerpockets.com, and someone will help you.

I also purchased the "training/coaching" and received very little support and what I did receive was not very valuable.

By easing into real estate with a well-thought-out plan and measurable goals, you can demonstrate the feasibility of your vision and work toward earning his support for future investments.This post does not create a CPA-Client relationship.

Medical technical people do not like to move since their clients are tied geographically.  6.  

Some questions to consider:1) How much negative cashflow can your other income stream(s) support?

The Contractor is wrongly blamed for job over-runs when it is usually the clients fault.