I have recently been inspired by Robert Kiyosaki and am excited to get going towards becoming a Rich Dad through smart and educated choices in real estate investment.

Then you can have your choice of finishes...

If you do end up finding a deal where you can refi more than you put in, you have choices. 

The seller hopes the buyer (gets pregnant) on the deal with tens of thousands of dollars spent or more and also if they have a 1031 exchange they can now be stuck with the choice or face a big tax penalty.If a seller does not have a full file ready to go the minute they go under contract then either the seller, the listing broker, or both are incompetent or they are trying to hide something  and commit unfair dealings by pulling one over on a buyer.

There are already statutes and regulations regarding fraud and deception in real estate transactions.Educating people who want to be educated is fine, but if a governing body restricts the pool of ready and willing buyers, more properties will go to foreclosure and sit on the market longer.Real estate investors perform a vital function in every jurisdiction: putting properties back on the market, in good condition.Many of the properties they buy could never pass conventional lender's inspection because they typically require tens of thousands of dollars in repairs that most homeowners do not have or cannot do themselves.Additionally, many real estate investors near metropolitan centers can access almost an unlimited pool of funding to buy and remodel properties if the numbers work.From contract to close, the time can be in as little as 3-4 business days.The delay is mostly waiting on title companies.So when flippers mail letters and post cards to owners saying they can "close quick" and "all cash", that is a fact, not fraud.Of course, realtors will recommend you list your property – that's how they make money – so they are self-interested, which makes the report biased.Maybe next time you can have a "flipper" on you show for balanced reporting.The idea of anyone feeling "pressured" by getting a post card or flyer is ludicrous.If the homeowner doesn't want to sell, the solution is to throw them away.But the idea of "there ought to be a law" is equally ludicrous.If there are bad actors committing fraud, the answer is to enforce the laws already on the books.Out of all the properties posted for sale every 1st Tuesday of the month at the trustee's sale, a very large percentage never make it because they are bought by the very flippers you disparaged.If not for the real estate investing community, cities around the country would look much, much worse.My biggest complaint with your report is that you completely failed to get the rest of the story.Your editor needs address this."

and congratulations on making the decision to invest for the first time :) I have written a blog post that may help you narrow the choices for a real estate agent.

I wrote a blog post that may help you narrow down your real estate agent choices.

Women my mother's age had 3 choices, secretary, nurse, teacher.

A personal home is a life style choice not a investment.Due to the fact that a personal home is more expensive to own and maintain renting while saving to invest is a smarter option for those wishing to concentrate on investing.

We lost a friendship over this unfortunately - but it was their choice, not ours.