South Jordan here... been following the forums a few weeks, figured I should probably sign up at some point.Rich, a little disappointed you abandoned SD... as a native Dakotan (born and raised in ND) I know they can't afford to lose people up there!

In the mean time I don't want to lose my momentum so I'm looking at buying a "#&@$ Burger", as a friend likes to call them... maybe a little 2/1 that wouldn't cost more than 20K purchase & rehab, that I could just put $4K (20%) down on and get rented out for $550 or $600 a month.

AZ homes are still losing value in many areas.I am definitely trying to tap into some local banks too.

The bank approved $500 in payments to the title company but the title company has added a $2000 "service fee" that they say I have to pay.Now, $2000 isn't worth losing this house over, but $2000 is still a lot of money.

I do understand about time and money.This is why mainly I do my commercial listings and work on my own investment deals.If I have to take time away from that then I have to be compensated otherwise I am losing money from not working on that activity.

Basically,his contribution to this joint venture will be nothing but putting up all funds needed from start to finish and we split total profits 50/50 at close when sold.

Since there are no tax advantages to the IRA, you lose a lot of the benefits to owning real estate.

Again, welcome Peter and much success in your RE ventures!

It is much easier to lose money quickly than to make money quickly and people trying to make money too fast usually end up doing the former.

I think I will lose more money if it has to sit vacant for one or two months.