Granted he was probably born into money it's still an inspirational read (minus the jail time of his father LOL)http://www.nytimes.com/2006/12/07/nyregion/07building.html?

I've just been turned onto the fact that there are govt grants out there to help w/various RE ventures.

Start building your credit by getting a secured credit card from Wells Fargo.

Granted, this discussion board has no sub2 forum, but if you go to some of the other discussion boards, you will see a lot of info on it.

A deed of trust works that the grantor (the owner or borrower) grants the property to a trustee (a disinterested third party) who holds the property in trust for the beneficiary (the lender).

I have become less risk averse, but perhaps that's because I have the security of my degree.

forget about saving money.if you have money - try not to use it.loli know that sounds funny, but any type of investment plan involves having some security (a stable income), comfort (some savings and portfolio investments) and risk (investing with intent for higher returns)."

After taxes, social security and such, the government winds up taking 50% of it.Portfolio - Money earned by paper investments (stocks, mutual funds, etc).

The security deposit which comes to me at closing could be part of that which makes it easier for the tenant to become a buyer.Here's the way the numbers work out, averaged over the 3 houses.My cost: $55KMy share of closing costs: 00Tenant's cost: 70KTenant's loan: 68K @ 8.5%Tenant's P&I: 523/month which is the payment on the $53K that I actually have in the deal if it were a 11.8% loan.

I have never done this type of purchase before and I'm not sure how to secure the financing.