If the message is that is impossible, then it might be something I need to hear.Originally posted by Jon Holdman:Keep in mind a lot can go wrong with these deals.

Selling the home may be impossible, as REOs are better deals than a cheap smoke damaged home.1.

As a Californian myself, I know that it is virtually impossible to get anything to cash flow and even if you could get some minimal cash flow, the ROI is so low due to the high cost.

:) Impossible!

You'll have no problem until you get to 4 mortgages (including primary), then it gets tougher, but not impossible.

Shane, Getting financing is difficult, especially when you are young and do not have a regular income...but it is not impossible.

My objective is to fix and flip to make a quick profit and build up to buy in cash eventually.I don't really want my parents money to get started; I would like to get started on my own with my own loans however I believe this may be impossible as I dont have the funds and do not have a full-time job and don't believe the bank will lend to me to buy and fix a house, but I could be wrong.

I love LLCs but being a small newbie investor it is impossible for me to get loans from lenders to LLCs as they want personal guarantees.

Basically, I was taught that it's almost impossible to keep the buyer's deposit in CA unless the seller could prove damages.

The other option that many accountants will use when there are many properties is to create an additional entry in the Schedule E to show "General Expenses" that are near impossible to specifically allocate.