Due diligence is much the same until you get to the collateral.Collateral must be understood, if you're thinking of mortgages, your RE knowledge needs to be on par with a real estate broker, you need to know where to look up something you don't know, but know it well enough that you can spot collateral issues, past, current and future.

Since then I have devoured any material I could get ahold of until I understood every step of the various processes.I look forward to getting much more advice from everybody here as well as contributing my own as I move further along in the real estate business!

I've always been keen on the idea of real estate investing as a way to build wealth and provide financial freedom and security, but until recently I never really understood what it meant to invest in real estate.

I felt like I understood the economy and rental market there well enough to know that I wouldn't lose my shirt.

When I got in this biz i REFUSED to sped a bunch of my hard earned money on marketing but then I understood that was the only way I was going to get any leads.

. - Understood and thank you.

I've always understood the principal of being leveraged.

For properties sold with no existing mortgage, owner carry firsts were usually 6-8% to make the deal work.This presented a once in a lifetime opportunity for note investors who thoroughly understood time value of money, interest rates, and present value calculations.When you could get 16 - 18% interest  in a Federally insured jumbo CD issued by a Savings and Loan a private mortgage note with a 7% rate is going to sell for a very significant discount to unpaid balance.

"It is understood that if this offer is not accepted by September 15, 2016 before 12:59 pm it shall be void and no longer valid."

If I understood correctly, he is looking to invest around $50K .