Then you need to see as many "junkers" as you can and get comfortable inspecting the property top to bottom and estimating repairs.When you know how much the property will be worth when it is fixed up (the market) and what it will take to get it fixed up (the estimate) then you can make offers on the junkers.The biggest sticking point for new investors is being comfortable with finding these two numbers.

I still get a pretty decent flow of folks moving each spring/fall but because many of them are moving outside of the areas I worked specifically, I'm having to refer them based on my broker "sourcing" new referrals to people I've never met.

It isn't the biggest payday but you still get to profit from finding the deal.Use a hard money loan to buy and fix and then get a conventional loan when you are done to payback the hard money loan.

The MLS is the single biggest reason that I got my license.The second best source is auditor data in a criss-cross format.

I believe that you have to always consider the source of any advice you get.

Thanks for the PM invite, trust me there will be questions to come...I read on here the biggest mistakes investors ever did was not starting sooner..Well Im 31 and I want to break into this so bad its killing me.

Chris,Welcome to BiggerPockets and we look forward to you contribution.I am not a tax expert and I would never consult any free source of information for tax, legal or accounting advice.

I may or may not retire after 20 years, I may not even do a full 20 years, but if I do, I would like to have rental property be a nice source of income for myself and my family.

Fear can become your biggest assetFear can be a draw back when seeking an education in real estate investing but you can turn this fear into one of your biggest assets.How many times have you wanted to get into real estate, only to have that voice in your head say:It won't work!

She told me I was the only one who called her from that source.