The so called Gurus in this industry are typically Information Sellers.....they have info (either general or specific) that they may, or may not have written themselves and they sell that Information in the form of a product (books, downloads, seminars, etc).

There are some great programs for first time home buyers that require little to no money down and doing a house hack would be an excellent idea for you to get started.

Just set it up with Excel or Google Sheets.

If you don't have a clear scope of work you will never finish a project.2. you cant cut corners with contractors (not all contractors are the same)3. the more education you have the better off you will be. 4. i don't want to do the work myself and creating a process is the best way to manage risk, and optimize productivity.5. * don't trust anyone with your due diligence.I have 2 properties that i purchase over 1 year ago and i'm finally putting 1 up for sale by the end month.

I would like to get some feedback from the real estate investor community. I'm reviewing the top 3 CRM's. Freedomsoft, REI Blackbook and Realeflow. Your participation is appreciated. Happy investing.

They may be a great family member or friend but that does not mean they will be an excellent tenant.

There are lenders which look at your deposits instead of your T1's, or lenders which have products which are DCR based.

But you're total gain including depreciation recapture was $60K so you would end up having to pay the tax on all $60K - no benefit to the 1031.The other question you're hinting at is what if you bought a tract of agricultural or hunting/fishing land that you intended to use for productive use (wilderness activities, rental, agricultural, livestock etc etc). 

I don't like them now for short term I usually have 5 to 10 million out at anyone time.. so I get that.. but its all paid off  as inventory sells.. much like being a car dealer ... you only take on debt long enough to move the product.

Build a buffer of time and repair cost accounting.Additional infoWHOLESALINGlistingbook.com or equivalent serviceupdates via email bank owned properties, price changes within range, new lists at/below $50,000 (not worth $50k)Send realtor offers with number/house address… they send to banks.. maybe 1/10 accept an offerRealtor gets a contract for youYou go check out the property to ensure nothing is crazyYou may be prompted to put down a deposit about $1,000 (don’t have to)Check that the title is clearPlace the house back on the market “handyman special”, cheap, cash, phone, email) at least $10,000 more than your offer.. eventually you may build a ‘buyer’s list’Get the new buyer to sign the contract with the realtorTAX DELINQUENT PROPERTIESLocal assessor - contact for people with delinquent property tax records —> excel listSort excel for names, addresses, amount of taxes, taxes that are 2 years old (and older)Contact the owner via letter ‘im oliver, I see that your property is behind on taxes…’“Dear Mr.