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It is not get rich quick but is a professional career path with tremendous potential upside

@Rich Hupper, 1031 exchanges have been around since the 20s as part of the code.

When I came to the site my thoughts were that rich people buy houses and flip them or rent them and that's was my real estate standing.

@Rich O'Neill  only the borrower on the original wrapped mortgage can get mortgage info the new buyer cannot get it unless they have an authorization signed by the borrower on the wrapped note.

It takes more than money to be a continued financial success in the real estate business.The Hard Way – Start from the bottom and learn the business – study neighborhoods – attend auctions (don’t bid, just observe.Take courses – but be very selected – don’t over pay – don’t chase the Get Rich Fast programs from Fast Talking Know Nothing Promoters – most of them are trashGet in the field – drive around – farm – talk to neighbors – get listings – call FSBO’s, have agents keep you informed of trends and off market properties – train a real estate buyer’s agentLearn to make offers – but first you need to know what to make offers on, you must understand clauses and contracts – you need to know and understand every word and what that word will do for you or how it can hurt you – my clients are trained to use a contract form we call a Skinny Contract – it is a one page document – it has the address – the offer – and clauses that allow you to sandwich yourself in for an assignment fee and most importantly – full disclosures and what happens if you cannot settle – Set goals ----yep – sound silly, but it works – set a goal to look at 50 properties – My clients call this the 50 house rule – select an area – make appointments with FSBO’s and agents – keep a journal, write down everything about the property especially the cost per square foot, financials, the owner and the building – look at 50 properties – but don’t make offers – just look and study the market – A doctor will studies for years, watches others doctors slice open patients and after many years he has a chance to be a real doctor who has learned to heal people – study your potential profession and work as hard as a doctor would – expose yourself to experience – your job is to know your market better than anyone – it takes a medical student many years to reach their potential – you can earn as you learn without spending years in the process.Working the 50 house rule – don’t make offers on any of them – just keep looking.The purpose of the 50 house Rule is to know every detail about properties on the market, the expired listing market, the tax sale market, the HUD market as well as the market at the court house steps.

how often should you spend more money. any thoughts, notes on this will help greatly.thank you,Rich

For example, the money I earn from teaching dance lessons can pay for new headshots, so on and so forth.Once I've met this goal I'd like to continue to invest in my eventual retirement, future family plans and the like.I've factored several costs of living into my cash goal, including average rent, food, insurance, and emergency funds, and I need to guild up my passive income quite a bit. $3300/mo.It's hefty.

Can they buy food with equity?

You might want a "cash rich"" Patrner or a private lender.