I am 26 years old and I am looking to dive into the world of Real Estate head on.

I’m open to a deeper convo if you’re interested. 

My wife and I are about to dive into this year's round of tax sale auction in San Bernardino County, CA.

dive will big difference in a dip and a dive. :)

Investment Info:

Single-family residence buy & hold investment in Sedan.

Purchase price: $21,000

Cash invested: $1

Bought as a personal residence while trying to get back on my feet. Literally a...

I ended up here after a long bout of Googling, and after a look around, I believe this the best place to find my footing before diving in.

Cool post, and good for you for getting started and taking the time to shop around before just diving into something.If it helps, my advice would be to run the numbers on ALL scenarios.

I believe you can even take it a step further and set it up as an Anonymous trust, which would allow others to have to dig a bit deeper in case of a lawsuit (if they don’t know you own an asset or other assets then the less likely they may be to move forward with litigation).

@Jimmy JonesWithout diving into small details - yes, in your example it will erase the $1,000 net profit to zero.

It’s ok for a quick napkin calculation to determine if I want to dig deeper.