The rates charged for those things will turn your hair grey in an instant.

I've seen a picture on the internet where I found it and it looks a little run down but manageable with a little time/money which isn't a problem.My question is: If I go ahead and buy this house, can I instantly turn around and get a home equity loan to fix it up a bit and make it really rent friendly?

In the first case, you have an instant $30,000 in equity.

Hi Claude,When you file an entity online on the CO Secretary of State's website, the document is filed electrnoically instantly -- you'll see a PDF copy of the filed copy on your screen, you print it, and you're done - takes like 5 minutes.If you need *internal* documents (e.g., an LLC operating agreement), you can't get that from the state website.

If you want cheap...Flipping Properties: Generate Instant Cash Profits in Real Estate (Paperback)by William BronchickandBuying Real Estate Without Cash or Credit by Peter Conti and David Finkelfrom amazon used.

If you present this package well, then a broker will instantly be able to tell that you do or don't know what you are doing and may decide to spend time on you.

In that case, your positive cash flow would be about $12,500 per month and the instant equity would be over $3 million dollars.

I'll also show you how to turn $5 into $50,000,000 in one week without ever having to get up off your couch.Most of the time, each of these "guru of the week" fellows end up in jail or bankrupt.The fact that this Kiyosaki fellow flatout lied when his book came out and then used his Amway cohorts to buy enough copies of the book that it instantly became a bestseller should throw up a red flag.

IF you had some magical way to determine the exact bottom, how many properties could you buy at one instant in time?

That cash is then used to pay for the big house on the hill... and other assets that bought at a discount would double the value of the gold you had instantly...And throw off cash flow to live as well...So, you built a business that works to find assets that you convert to cash to buy assets personally that keep you deleveraged and produce cashflow that keep you from working...