Hello.  I’m an investor in Gary, IN and Chicago.  Right now I’m involved in buy and holds.  I’d like to learn how to wholesale notes.  If someone on here is an experienced note wholesaler, I’d love to JV with you.  I’...

Quite frankly, I just don't see how a novice can successfully enter this field without an experienced mentor to guide him.  

And I got a feeling your rather novice, using something as outdated as a 70% rule of thumb, I haven't used such in over a decade.   

The information was put together very well and would answer a lot of questions for the new to novice investor.

I am novice to BP as well.

Hello --I just wrote nice explaination for novice --about transactional funding process.

Combine this with a job loss and things could be tight.I don't know and would venture to guess that a lot of folks here are fairly novice like myself and have day jobs, families, etc. and can't afford to make six figure mistakes.My last property that I used leverage for I put 25% down (getting a better interest rate) and it cash flows almost the same as my carrying cost: (before escrow readjustment, my cost to carry was $650 and I am getting $1300 for rent, now it is $700 cost to carry, so I am still getting $600 gross cash flow after principal, interest, taxes, and insurance).My next property I hope to do the same.I feel these investments are pretty 'bullet proof': if rents drop an unheard of 20%, I still cash flow.

I would like to use the 1031 exchange (this would be my first time doing so, total novice here) to avoid paying capital gains and depreciation recapture, but I cannot figure out if this would apply to my situation since I am technically selling the property as two separate transactions. 

I am a complete novice to Real Estate Investing, but for the last few weeks, I have been studying and reading everything that I can get my hands on that was free on the web but filled with reliable and quality information.

I'm still a novice myself, but are RE contracts really that simplistic?