maybe we can joint venture on this..?

You will need some additional cash over the 70% you can get from a hard money lender.If you do a deal under these terms where rehab plus purchase is 85% of ARV, you will lose money.

(you have to have the respect of the building inspectors or they can make your business VERY difficult)Luckily, we didnt pay much for it and we were able to sell the property to the neighbor so we didnt lose either.

You're losing several hundred a month, and just haven't noticed.Oh, I just did the math, and $1100 is just the P&I on $150,000 at the terms you cite.

I.E. the real estate investing strategy that anyone can do to the point that it loses value.

Im Playing ball now so in a few years i can stop and start a new venture with the funds to do so.I'm looking for a good mentor to help me learn about the business, and eventually go into business with me and build a investment team for a company.

Applies just as much to houses as to cars.If you do decide to leverage your residence, be dang sure you can make the payments even if you lose every penny you invest in real estate.

Good luck in your ventures and I will be happy to help any way I can along the way.

For pre-foreclosures, keep in mind the owner is in the process of losing their house.

Last I checked I was up to 15 zip codes.Whats nice is, I dont pay monthly charges and that number belongs to me.With the last answering service I used to use if you stop using the service you lose the number assigned to you.