(obviously can pull cash from house but thats not pocket)Job cash goes to life.I will be buying an investment house sooner or later, what I'm wondering is since I want this as a sort of side job/investment, should I create an LLC?

It doesn't take them days or weeks to pull the trigger.In reference to how I personally do it, I do have quite a bit of experience in rehabbing properties, and by talking with the homeowner and walking through the property I normally can determine a pretty accurate estimate of repairs needed.

(Unfortunately this property was "upside-down").This of course is a good reason to pull the files.

Stuff happens.You can pull the offer and then submit a lower one or something similar to get there attention.At the end of the month or the end of the financial quarter they bank might be more motivated to get a deal closed.

Once you show your teeth and that you will not put up with late rent they will either pull their finger out or move on.4.

Should I spend any more money or just pull the trigger and go down fighting.

I would want to pull out money invested in the rehab to be able to continue on other projects.Would it be best to refinance the entire project?

If you pull cash out, you're going to make your monthly loss worse.A property that is worth $124K and rents for only $600/month is a bad deal.

The point of the story when the curtain is pulled back is the wizard is not a wizard.

I am ready to do it. Where will I find my first deal. Do I go get a lis pendons list and start dropping my info ( buy houses). Go to banks and start looking at reo's, if possible. Contact lawyers looking for probate....