I have interest to invest in REI regardless of tax advantage at this point...was just steered onto the REI path from someone with that perspective.Wheatie...those numbers are ringing a bell...thanks.

When any potential seller calls, I'm a bit unsure of exactly how to steer the conversation with them.

But surely if you are not an expert at it, I would steer clear.Second thought - I cannot recall the last time I ever entered into a contract with a non refundable deposit and zero inspection period - that right there is a red flag to me.

I'm steering them to a local broker who specializes in the FHA Rehab loan.

Interesting article.Personally, I'd steer clear of any sort of funding - there are enough places in Europe (for the gamblers) or Asia (for the growth-oriented) to be able to avoid any sort of debt.

I welcome any criticism/wisdom/suggestions that will help steer me in the right direction.

We had 31 acres, purchased 10 steers, built a 1 acre lake which was stream fed from our stream with an island in the middle and a dock on the side, over a half-million board feet of commercial timber, a food storage room and even planted a 50 tree fruit orchard.

Both of these guys are experienced investors I have read quite a few of there posts and they are not going to steer you down a wrong path.

You need to be able to understand how each investment fits into your personal financial goals and you will find that very few planners are well versed in real estate as investments and will most likely steer you away from real estate into more traditional products.

I was steered to the 20 books recommended by BP for new investors.