So early in the game though, I have to do much more reading.Ned Carey:I am new to both, so yes I know it would require some time to get familiar.

Steven, I'm not sure if you mean that a mistake is using the forum to get more info or perhaps using tax software at some point.

They are a pain in the ***, take a long time to close, and charge higher interest rate with more points then normal FHA or conventional loans, but if you dont have the money to start another way it can be a great way to get your foot in the game.

Financing is an entirely different game.

I see the benefit of paying a membership fee which gets "skin in the game " and commits people.

Keep an eye out for something coming to BP next week - a game changer for new investors.

I think it's much smarter to play the long game and make your goal to pay off the properties as fast as possible with the intent to hold them indefinitely.

With the market crash a couple years ago, it became evident that investing for appreciation was a risky game, and a lot of new investors are deciding to focus on the less risky aspects of investing -- positive cash flow.2.

a small minority get rich in real estate through pure tenacity and luck, vast majority that are able to 'make it big' already has strong foundations (i.e. capital).If you're already gotten as far as med school, the smart thing is to finish it, get a real job, then use the high income to leverage low interest debts for investment.Jumping ship this late in the career game from a high trajectory track to something like real estate with no experience or other foundation is a calamity in the making.

And what's the game plan with it?