We are closing on it next week on the acquisition side and were marketing it online to find an end buyer to assign it to for a double close, so we don't own it officially yet.

I'm over in the Sacramento California area, and I'm excited to be officially active on the site!

let me tell you a story, gustavo. learn what you can from it, or just simply pass it off as one mans luck. 11 years ago, i started out on real estate investing. i had $2000 in my bank account. the bank said i had to keep $300 in it to avoid monthly charges. so, i had $1700 to invest. we went to look at a house listed on the hud.gov website. right next door was a boarded up house. hadn't been lived in for like 100 years, so it looked. i contacted the local tax authority and found out that they owned it thru back tax reposession. ( keep that in mind) along with this, they owned 2 other houses. i went to  look at all 3. i ended up buying that house for the $1700, but kept one of the others in mind also. i got a credit card for $4400 limit. fixed up the first house with that money. what i didn't already know about fixing up houses, i learned by doing this one. i have owned that house for 11 years now, took out a loan on it for a small amount to pay off the credit card and give me some money to move on to the next one. the tenants pay the payment and taxes thru their rent, and i still own that house to this day. i bought the second house too......... for $500. thats right, you did not mis-read that, it was $500. the city just wanted it off their books. i spent about $5000 fixing that place up, rented it for about 5 years and then sold it for $10,000. my point here is, gustavo, you can start with next to nothing and make it work. you just have to believe in what you are doing and let nothing stop you. you are going to run into brick walls that try to stop you. there is an " almost real" force out there that seems like it just wants to stop you in your tracks. push on, let nothing stop you. get it into your head that you are going to do this no matter what stands in your way. i just sold a flip house in may for a $41,000 profit and i am now sitting with that in the bank. you can do this too. just get started.

Hello All,In order to be advertised as a bedroom, a room has to have a closet, correct? Does it also require a window, I would think so. Any other characteristics a room must have?Thanks!

@John Jackson I trained in 2002, he is the authority in Texas Lease Options.

I’m not going to say that I endorse absolutely everything the author says, but I can tell you that this book was revolutionary to me.

They'll start with an authorization for them to talk to BOA, and they'll go from there.

http://www.benefits.va.gov/warms/pam26_7.aspThis is the regulation that essentially governs how sponsored-lenders will authorize use of the VA loan.

Hi @Robert MulfingertWelcome, I did Bigger Pockets Podcast #82, I co-authored a book on Bigger Pockets called "Real Estate Rewind" and wrote another books also.Best wishes.

The housing market did its thing a few years later and left the house's value at between 125,000 and 135,000 our real estate "thinks" and we have not done an official appraisal yet.