Check out the“Learn tab above” and download a free copy of “The Ultimate Beginners Guide to Real Estate Investing”.

I've already begun listening to the podcasts and I've downloaded the Beginner's Guide so hopefully I'll learn enough to get started soon.

@Eddie Wright Download the MeetUp app and find local REI meetings.

) to find investors or investment money...What type of contract do I use and is it on BP for download? 

There are forms you can download from biggerpockets!

3 BR/1 bath asking $170k.Taxes are $9,062 (although I saw at least one other figure on a different website, I went with the highest)Here are my assumptions:closing costs - $4,000rehab/initial improvements - $5,000 (this is a blind guess because there are no pictures of the inside available, but let's not focus on this number right now...)Rent - $2,000vacancy - 8% ($160/month)property management - 8% (the calculator I used (downloaded from BP) uses net rental income for this, so it's about $147.16/month)maintenance - $1,000/yearcapex - $160/monthinsurance - $1,000/yearwith a 25% down payment and 4.5% thirty year financing for the balance, I net a whopping -.82%.  

If you can, download the audio book and listen to it on your commute.

Therefore, I'm going to download the book in the morning.

Hello AllI have been hiding in the shadows for some time now, faithfully watching webinars every Wednesday night, downloading podcasts to listen in car, and reading reading reading from forums to Kyosaki to John Schaub to BP Beginners Guide to REI and whatever else I can get my hands on.Huge believer in the power of passive income and the teachings of Tim Ferris.

If you go to the state of Michigan site, you can download the forms.