I dont believe most of the small guys have a clue what is involved or how it could benefit them, ones I have dealt with are comfortable with eeking out a job here or there to pay for daily life, they have no ambitions for anything more.

(about loan purpose) Good to be aware of, since regardless of what part of the housing industry you're involved in, this comes up.For me, as a hard money lender, I don't do owner-occupied loans, but often run into non-owner loans that are for consumer purposes.

There are a ton of fantastic articles on rehabbing here on the site, and countless conversations here on the forums.Otherwise, jump in and get involved in the discussion -- you'll find that you learn a ton from interacting, and it will help you quickly build up your network.We're here to help . . . use us as your group of 100,000+ mentors!

I just want to learn the process involved and what is necessary to actually purchase a property.

I just want to learn the process involved and what is necessary to actually purchase a property (as well as how to determine revenues and expenses).

Part of this involves making repairs when necessary.

The SEC still has not written the rules that were supposed to be written by July 4, 2012.Your friend lending you money is probably not going to cause an issue under securities laws, but you will need to make sure you comply with the SAFE Act and any state lending laws.If you and your friend are partners (members) in an LLC, and you are both involved in the management of the business, then you probably don't have any securities issues because his membership interest would not be a security (even if he puts in most or all of the capital).

Jump in and get involved in the discussion on site and you'll quickly build up your network.Don't forget to set up keyword alerts for terms of interest to you so you can keep up with topics of interest.Good luck.

I get the feeling there might be 1 to many people involved in the whole process!

I am taking my time trying to learn the steps involved as well as who I need to contact to get things rolling.Thank you all in advance,A newbie