I was familiar with separating liability, but wasn't sure if $200K was a specific number to use as limiting equity.

I am trying to pick a property, with the hope of fixing it up a bit, then selling the property shortly afterwards for a profit.What type of unit would you recommend a new investor with limited handyman ability get involved in for his first attempt at Buying and Flipping ???

., were scheduled to reopen on Monday as Mutual of Omaha Bank branches, the Federal Deposit Insurance Corp. said.The FDIC said the takeover of the failed banks was the least costly resolution and all depositors -- including those with funds in excess of FDIC insurance limits -- will switch to Mutual of Omaha with "the full amount of their deposits."

Because of the limited leads that I am getting I would invest inany sort of deal that makes sense (profitable).

Start small as you WILL make some mistakes, but keeping the investments small at the beginning will limit any possible losses.

Thanks Mike appreciate it, i've been so convinced that having a 9-5 job, regardless of the wage, will support the lifestyle i want in the future and i won't settle for that.Also what i see are investors, who complain and say they wished they got into investing a lot earlier.But, i do have to say that i have that little itty bit of doubt.

I work closely with investors from all over the country, many of whom are first time investors with a limited budget.

Has anyone every brought a Shelf Corporations?

The lender we use has extended a line of credit (at prime), and normally doesn't care if you have over 4 mortgages (current limit) and requires less documentation.

I also was the Director of Sales and Marketing for a national lifestyle publication and under my direction their annual revenue went from $750k to $1.6M in 3 years.