I'm still on the novice end... but think it's much better to set up the business like a business and be disciplined to set aside the funds every month in an escrow account that you can draw from when needed.

Hello to all, my name is Kenneth Lee. I live in the N. Houston area of Houston, TX. I would say that I'm definitely a real estate investor at heart. I've always wanted to flip properties, even before all the shows(...

Hi everyone, first time poster here and somewhat of a novice investor!

I am a big tax novice, but I want to make sure I understand this, My W2 is 140, and my wife's is 100.

But, looking back, I made a lot of mistake and going forward, I want to do things in the right ways.A little about my experience so farFirst house Bought our first house in Houston in 2014 with the novice intention of living in the house for the next 5-15yrs.

However, because I am a true novice in the small apartment wholesaling arena some due diligence on my behalf is a must which is why I've reached out to the more seasoned investors at BP's.

@Sheldon Whalen there are novice investors out there like my neighbor who would be ok with a deal like that. rent carrying the mortgage, maintenance fees and taxes including praying to the heavens that the condo appreciates. you build equity that is useless until you sell.. for me cash flow is key and nobody can take it away from me no matter how the market turns.. another thing is to trade a 200k debt for that kinda return..again a lot of novice investors are doing this and are comfortable. pros don't weigh the cons for me

Greetings All,I'm a novice here trying to tap this fountain of knowledge so thanks for indulging.When studying up on REO, (pre) Foreclosures, notes, etc, I keep seeing the phrase "...on the Courthouse Steps."

As a novice I also wanted to learn in a more Landlord Friendly State.

As a real estate novice but an old hand at networking and making verbal mistakes please don't allow the negative feedback you have received to kill your 'spirit'.