I am sure with persistence you will be successful in commercial real estate; just realize that learning and experience in this area is a lot more time consuming and expensive than residential.

My guess is that give it a few years and government red tape will make a good idea too costly or time consuming to implement on a reasonable scale, although I hope I am wrong.

You will still get a some single condos, etc but it should also give you anything of two or more units.You also can get a realtor to do this for you- you never get the entire (or freshest) of the mls listings on the consumer sites.

Even a relatively modest family with no savings may pass down a house they bought for practically nothing many years ago and may be worth $500k or even much more.Given history of inherited wealth, many people will waste these funds and that is sad.

One understood that a time consuming learning curve was necessary for success in this field, that there were no shortcuts or instant riches.You need to start with the basics; real estate investing is only profitable in one of two ways, either you buy a property for less than it eventually is worth or the property you buy has a positive net income generated.

I'm not an attorney but generally speaking if the loan was originated by a broker there is no usury violation and if it's truly a non-consumer loan required disclosures are minimal.

At times it becomes a time consuming effort to deploy funds to a deal.I am setting up a QRP where the plan to be attached to my LLC and I could check book control control the IRA funds .Would like to get comments from some one who has done QRP or know about it.

You can look at these in increasing order of cost: * Get a permanent loan for purchase only, and do the rehab with a HELOC on a personal residence or another property, then refi the whole thing after 6 mths * Fannie Mae conventional rehab loan (called "Homestyle" loan, 30-year fixed rate loan) for 80% of purchase and rehab * Local bank rehab loan program (not 30-year fixed) for 80% of purchase and rehab, or possibly even 80% of ARV (subject-to appraisal) if you find the rare local bank that will do this * Get a permanent loan, and do the rehab with an unsecured loan (if you have good credit/income) from lendingclub.com, ULOC from local/regional banks, or credit cards and Home Depot credit accounts; then refi the whole thing after 6 mths * Hard money loan - perhaps 12% and 4 pts for a 9 mth term; you could potentially fund the entire purchase and rehab with a modest amount out of pocket (0-20% of the total depending on how good the deal is), then refinance after 6 mths into a permanent loan

Then someone has to pull the file for you. 30 days equates to about 200 files, so it's very time consuming and the court house workers will hate you.In addition, it takes the court houses in MA several weeks to scan all docs before they release the file to the public.

Try not to buy off the MLS, it's too time consuming.