There are pros and cons to both, but at the end of the day its all about your approach and your strategy.

Originally posted by Carolina E:Lucy Rowens it's a scam, but I would be curious how he got your info.The days of sending blanket "spam" messages are dwindling and methods to detect and discard them are making this approach less effective.The "new generation" of scammers/spammers are using "big data" to mine many social media and on-line forums to build profiles on individuals.

We went to closing and his buyer brought $122,000 cashiers check.7.

But if you pool their money, you're much closer to "selling securities" and all the baggage that entails.So, if you're trying to do fix and flips, and this person really, really trusts you and you're confident you won't hurt them, then doing this as a personal loan may be the right approach.

I would definitely not recommend the guns ablazing approach, as you might shoot your eye out!

Then approach the seller to see if he is open to the idea.

It's a great self-motivator - it's a lot easier to say "right, next property pays the water and electricity bill" than looking up at this mountain of what it takes to become financially independent.One way of approaching reaching your goal while not accumulating too many properties is this:- Figure out your comfortable living expenses, plus some money to continue investing once you're full-time.- Figure out how many properties that would take, if they were paid off.

I like your approach but not sure the difference in monthly payments is enough to sway one way or the other.

Recently it has been brought to my attention that she needs to get it out of her name if she plans to recieve any government assistance from medicare or medicaid if she was to have to move into an asssted living facility.

Guys -We've got a whole page of tutorials on our start page at http://www.biggerpockets.com/starthereThat said, we don't currently offer the ability to create lists of followers/colleagues, however it is something we re-approach every once in a while.I have tens of thousands of connections and I can spin through their activity in a few minutes a day, provided I'm not going through the forum posts.