You will turn thejohnmichael: property around quicker.johnmichael: As a beginning investors avoid a rehab property or the lure of a high priced property as many beginning real estate investors get distracted form the fact that the ideal property is the one that you take control and resale for a profit.Dan_Auito: fixer jay decima goes for junkers and makes goldjohnmichael: The easiest place to make money is in the middle and below price range range.johnmichael: The property should be free of damage and need no major repairs unless you are an experienced construction worker or builder.

Four or 5 experienced investors will point out something left out of the formula; severe underestimating the cost of a new heat or A/C system, severe underestimating of occupancy rates, thinking that work can be done as quickly as you'd like it done, etc.

I am a 38 year old female interested in buying houses fixing them up then reselling. First question is this attainable with very little money and can this be turned into a business? I am not looking to get rich I am...

But the ones that show me places and the more experienced ones have something in common; NONE OF THEM FOLLOW UP.

People that look for real estate in a certain area are either in that area or look for websites featuring listings from that area.The real estate websites are all powered by their respective Board of Realtors MLS feeds.So even if you have website ranking first for a competitive search term (Aspen Real Estate, if your property was in Aspen) you would still miss out on the 100's of website from local real estate agents that could feature your listings.If the project is big enough it could work to just focus on web advertising with pay-per-clicks on the major search engines.

Hi everybody,I am new on this forum.I am a Dutch immigrant trying to find his way in the land of opportunity.I am a mechanical and computer engineer and also have a RE license for Florida.

The engine will have problems in Your wife's car, tenants will move out in Your other rentals, prices will go up for repairs, hurricanes will come....blah,blah,blah....figure DOUBLE Your original time frame on repairs, ALWAYS.Figure 1/3rd higher costs than quoted estimates, BORROW accordingly.BE the BOY SCOUT.I have, I PREACH it to my borrowers/buyers/investors, & every operates under the "Be Prepared" philosophy;Do these things, & I doubt You'd ever have a "catastrophe".Trust the experts & LET them do their JOBS!

Obviously, the best properties are going to be ones that generate positive cash flow from day one, that cost you no money down, were grossly undervalued in the market, and which you found while nobody else was looking...But, while you quickly reach limits if you're experiencing negative cash flows in property, it may still be a very good idea to buy a property even if it's got negative cash flow.I may be in the minority here, but...I've got other sources of cash which are positive cash flows and here's only so much you can do to reduce that taxable basis.

The buyer is an experienced investor, and his renters have covered his payments and costs.

When dealing with experienced investors we make promises that are unrealistic.