Welcome to BP Nation Jason.Your question is difficult for me to answer simply because it is hard to say when the official day was that I started looking for a deal, but dont be surpirsed if it can take you a week, 6 weeks, or 6 months.The key is that you get educated, then apply that education without letting fear stop you.

@BillGulley I never considered asking the lender if they would simply allow for a commercial loan on all of the units.

Good Afternoon,I am a thirty something marketing professional, wife and mom who is ready to take the risk and enter into the real estate world.

I'm curious about whether anyone has had any experience with simply selling the debt after getting a judgement.

Hi Dana - One of the reasons I came down against allowing dogs in multi-family is that it introduces another area of potential conflict between tenants and also between the dog owning tenant and neighbors to the property.The pool of non dog owners is big enough that I can rent out apartments just fine and do not have to deal with these types of conflicts.The other thing I hated about having a tenant with a dog was that it would make vendors to the property skittish about entering the unit.

@Paul Jamgotch and another major benefit is that you don't need to have a custodian with Solo 401k, you make the investment decision and then simply write the check.

My thinking all along myself is he simply had to let it go.

With us both having hectic careers, it has seemed to be the best way to enter the field.A friend, Oscar Perez, recommended the site and I am finally de-lurking.I am currently devouring all the podcasts and getting a great deal out of them.Our long term goal is to be economically supported by our real estate investments and see about having me transition to becoming a real estate professional.

Hi all,

I have a property in which the tenant was arrested in late December. I have been working with the family to allow a smooth transition for all involved. That all seems to be going smoothly. However the...

The court is needed to impute the costs and charges on the other guy, you can not simply say he owes something and send him to collections without proof of him actually being obligated to it.