We would offer around $80k and he owes the bank $220k and the house maybe worth $130k in its current condition.On a positive note, some other people that called back were other current investors who are now in my contact list.

What i accomplished in February:Started doing the maths on deals in my area and began to familiarise myself with various different aspects RE .Listened to 1 BP podcast a day in work continually learning.Went to the gym 3 day+ each week, (helps me with energy levels and concentration which has a positive knock-on effect on every area of my life)Where I fell shortCould have ran the numbers on more deals Plans for marchView more properties in my area to get a feel for the market.

Now that you have achieved the goal of paying down debt you can leverage your good credit to obtain either personal lines of credit or if you have equity in your personal home you may leverage that as down payment money on a acquisition loan or use that to purchase low costing investment property, depending on what market(s) you are looking to invest in.I've personally was in your same position and used personal loans to outright buy investment properties in various markets and I wish I would have known about lines of credit prior to getting involved with loans.

This property has no true positive cash flow only that which you are buying with your own money.

I’m considering the idea of buying a vacation rental that would cash flow positive.

I am looking for a property than will generate positive cash flow but it seems that Oahu (my current residence for the next two years) might not be the best place to find a property that will do that.  

Not sure how you can have a positive gross profit but a negative net income.This table though illustrates to me what many in the business already know....the discount brokerages that operate at a loss are simply not running a sustainable business model. 

You can have positive NOI but negative cash flow (think:  debt service and an unexpected roof replacement costing more than the NOI throws off). 

I know of no one doing HELOC in 2nd position on non-owner occupied properties. 

Hello,Would any of you be willing to provide some contacts/brokers, whom you have had positive experience with, that invest in or list properties in the West Valley of Phoenix, specifically Mesa, Apache Junction, Coolidge, and Casa Grande?