Also remember that cognitive rigity gets the best of us and the law (Garn-St Germain Act) states what you said but the it says remains A beneificiary not THE beneficiary so it does allow you not to violate the lenders DOSC The last thing is remember that the Garn-St Germain Act is the LAW and you shouldn't confuse it with the US CodeThe Garn St.

I don't mean faster or more efficiently I just mean with a better end result.I remember the first time I did a re-roofed a house.

a 9% return on investment, that's not ideal, but it depends on your investment strategy.if we're talking rentals - say out of pocket expenses to purchase a property is $3000 (example ONLY) - and the unit cash flows for 125 a month - that's 1500 for the year.you're roi would be 50% - 1500 divided by 3000 9% would yield you 270 bucks for the year or 23 bucks a month.just to point out the difference.

okay for your first investment - land is probably not the most ideal investment - because it doesn't put any cash in your pocket and there are really no tax benefits other than writing off the taxes.basically cash will flowing OUT OF YOUR POCKET rather than OUT AND BACK IN TO YOUR POCKET - possibly like a rental unit.if you were to start a business - say a pizza shop - now you're just starting out...would you invest in a pizza shop that doesn't make any money and only costs you money to spend on it????

Ideally, I think I want to buy condos, hold them, rent, then maybe move them in a few years.

However, with any tenants remember they will not treat it like it you did.

Remember, it's the "time-value of money" that's the most important right now because of the recession.

(they have buy back policy's that you need to know about) Remember, Broker status and Lender Status come with different law.In Georgia lender status is better.Welcome and good luck!

And starting to look at yourself in a new light.Next thing you know here's what will happen....You'll be driving along in your truck "your a truck driver remember" ;-) and you'll see a book store, and you'll think to yourself "hmmmm, I'm gonna pull in there and see what real estate investing titles they have and maybe pick up one or two".

I have written this out so I don't have to even think when I answer the phone, and try to remember everything.