Just expect the growth to be exponential, and to come at the tail end, not linear.

I asked many mortgage brokers to help me get financing, but as soon as I mention that I was indicted by the Feds 3 years ago on drug conspiracy charge, they all put heir tails between their legs and run.

If you, the wheeler dealer, pro RE investor type convinces a seller to enter into a loan agreement you devised, make no mistake, your tail is flapping in the wind too.People can agree to all sorts of things, they may or may not be legal, if the parties reach the conclusion desired, no muss or fuss, everyone is happy.....okay.However, individuals unlike corporate entities suffer from what is called "life events" these are events that happen to individuals, they die, the go into a hospital or nursing home, they get divorced, they take bankruptcy, they get sued, they go to prison or they might even talk to someone like their attorney about something else and mention an arrangement.These life events usually cause other eyes to begin looking at financial dealings, any life event can cause a financial matter.

Hate chasing tails.

We are both newbies, but he's already been working his tail off to help me find properties, and if he brings me a good deal I have absolutely no problem with him getting paid for it. 

And high tailed out of there.I texted him : ABORT!

So, management and insurance is your best route.Having multiple beneficiaries who are unrelated would be scary to me, I would never have investors in a trust lending operation, any one who does should spend a bit more with a good trust attorney as to pitfalls and expenses of infighting with a trust.Trusts certainly have a place when assets are sizable, if you really don't have assets to protect in an estate planning world, you're probably chasing your tail.

as others have quoting, finding a mentor (pay for lunch/coffee) is a great start.it depends on your area, but with 50k you are almost at a success point in rural areas. i've found the magic # to be about 65k. buy a foreclosure for cash, which will help your offer succeed (note: if you can do your own inspection and forgo the contingency inspection (and financing) it makes your offer look even sweeter). work your tail off to make it look great. rent it out, and immediately head to the bank  for a loan. get all your money back, plus a little bit. use that to find another foreclosure, pay cash, flip, rent, get another loan. hope that helpsjay

Honestly, we are thinking of submitting an offer around 300k.I have been reading up on the forums that short sales can be a massive pain in the tail because the bank has to approve etc.

Full wood boxing, dove tailed drawers, soft close and no mdf.