With all the mistakes I've made before discovering BP -- thanks largely to the under-education and inflated promises I've received from gurus -- BP has enabled me to get REAL advice from REAL successful people in the business of real estate.

Some lenders don’t lend on a percent of of ARV.Spending 70% of ARV minus repairs, will enable you to make approximately 10 to 15% of the ARV in profit.

As far as hobbies, I'm a gamer/computer nerd so anything dealing with video games or computer hardware/software will peak my interest.

The rapid appreciation our market has seen will enable us to make a nice profit after living in the property for 2 years.

In the case of the seller does it make more sense for them to look at something like a sandwich lease as it will enable them to show the property as a "rental property" in the future and utilize the payments as income adding some relief to the debt to income ratios?

You will give away some profit however after doing a few successful deals in this manner you should have enough capital earned to enable you to do it all by yourself if you choose to on future deals.

Ultimate Goal in REI: Enable "simple folk" like ourselves to capitalize on global markets previously available only to multi-national corporate strategies by facilitating affordable, high-yielding property purchases in as many countries as possible around the world (currently researching our expansion to Italy).

A short while later my mother had to sit me down and explain "predatory lending" as I was apparently charging too steep of penalties to my brothers when they failed to repay their loans in a timely manner.My own son, though not yet three, participates appropriately in the real estate business ... his favourite activity is walking through potential properties and he often notices things we, "big people", miss {like the big hole in the floor under the kitchen counters ;) ... where apparently the kitty-cat lives}.At this point, I invest a portion in his name on all new properties, but as he gets older, the plan is to enable him to make those decisions himself.

To clarify, a ROBS (Rollover and Business Start-up) plan is designed to enable you to use your retirement plan for seed money to start a new business without having to pay a tax or penalties on the distribution.

Not having a short time frame will enable you be more choosy with your contractors.