During discovery or a deposition you will have to sit there and explain that your replaced the panel but it was done by a random guy hanging out at Home Depot with no license or insurance and you made that decision (and put your tenant in danger) because you wanted to save a few bucks by cutting corners.

Math wasn't a strongsuit in school so I'm definitely checking it over and over until I feel confident that I have a feel for how to do a preliminary screening and where the numbers should be to even warrant a closer look.I've seen a decent number of duplexes out there, but fewer triplexes or quads.

Hi Josh,ARM loans can be very dangerous, particularly when investing.

When fewer owners are trading/selling/buying, markets flat line or tumble.

Haven't run a place entirely on my own, but I know just enough to be dangerous/stupid.

Given the fact that the owners home is in dangerous peril of foreclosure, how do you work with the owner/agent to begin discussions about strategies like "subject to" etc.It seems that they would be fairly uninterested in a sales strategy that virtually excludes them from any profit.

If your parents go down because of you there is not enough possible profit that would make me want to push them into a danger zone.Like any other investor their knowledge and ability to withstand potential problems is what matters here.

My goal is to build a small portfolio of rental properties that will generate enough cash flow to allow me to exchange my current 60+ hour per week job for one with lower pay but fewer hours.

All,I've been reading, which tends to be dangerous for me, and thought it was possible to reduce your AGI by contributing to a Keogh or SIMPLE retirement plan.

In this case, you won’t own or control the property or rehab, and you’ll make less money, but you’ll have far fewer headaches.Rule number one is to know, like, and trust who you’re doing business with.