So far, I've made one trip to scout out properties, and a second trip to renovate the property once I found one I liked.Jon and Brian's advice is spot on.

But hell, I still believe in the Boy Scout Oath, the Golden Rule, and that what goes around comes around ......

No discussion of interest rates, Lonnie deals, scouting, etc.

Catch a flight to Detroit and scout those streets yourself.

I realize I probably need to narrow it down some more and am working to see what niche within commercial I enjoy the most.I have been debating and trying to figure out what would be the best way to go, either to operate as a real estate scout and put deals together without the use of the license, just attorneys, or if I should go ahead and just operate as a broker (if it's even an option at this point since I do already have the license).

I have scouted some areas and see some opportunity, but I want a buyer's list before I put anything under contract.

I have already picked up three...fourth is in escrow...and i told myself i will be good for 2 months....let the dust settle and honestly...i am already clamoring to make an offer for the 5th fourplex....we have rented 10 of the 12 units....the 4th prop will probably close at the end of the month...and then we need one month to get it rent ready....after which i give it couple of months to find tenants...i promised to be good at least until the close of the 4th one before i start looking for one...but i find myself constantly scouting online for good values...in the last 2 months..i have gone thru the prospect of evicting a tenant...until she paid late....been threatened with lawsuit over bed bugs for a property i acquired the prior week...and of course...things stopped working when u close on the deal....not to mention i am on my 3rd property manager in 4 months.i have never ever enjoyed myself as much as i have in the last few months....am i hooked on for good....is this how u...the veterans feel...as u face a prospect of the next purchase or is this the excitement of a newbie????

Ya, lets test me without me opening the book(scouts honor)MIP = Mortgage Insurance PremiumPMI = Private Mortgage InsuranceI'm gonna write up a little something about my to date progress in addition to a question I thought of tonight.

I understand that some buyer's agents use them to scout for deals, but in most cases they crowd the deal and prevent it from moving forward.

I have been scouting my area for potential wholesales and I was wondering if there is any profit in new homes there are several in my area that were built about 3 to 4 years ago but have never been sold or lived in the asking price is far below what it was originally listed for when it was first built.