I'm also strongly considering getting a real-estate license.I found BP while browsing for info on getting into real-estate investment, and it seems like a great community and a great place to learn!

If my burning desire is strong enough, my lack of the "appropriate degree" is a non-issue to follow my passion.Btw, you're in a better situation that most people who do not know what they want in life!

I'm hoping to network and build a strong buyers list.  

"Gross income shall not include gain from the sale or exchange of property if, during the 5-year period ending on the date of the sale or exchange, such property has been owned and used by the taxpayer as the taxpayer’s principal residence for periods aggregating 2 years or more."

Hey guys, I'm in the process of getting pre-approved for a mortgage and I'm strongly considering purchasing my first rental property in the Palmdale/Lancaster area...

Other reasons are that FHA usually allows a higher debt-to-income ratio than Conventional, allows a lower credit score, and can have some more flexible underwriting guidelines.It's always best to find an experienced loan officer with a strong product arsenal to help you fit into the best product, and educate you so that YOU can make the right decision. 

I strongly believe property investing and development is what I want to do for the rest of my life.

You really cant build strong equity on them.

Rent is already coming in strong at $750/month with tenants who want to stick around. 

I'm dealing with a situation right now where I shot first, asked questions later, and am now having to replace a Septic tank...If you are looking for properties in FAY to flip, I strongly recommend you reach out to Wayne.Suggs@HomeVestors (.com) and his partner Becky.Addison@HomeVestorsThey are wholesalers who buy in FAY.