This is a win/win for me because although yes I have to get an appraisal it also offers me some validation in the asset value of my portfolio  (i.e. albeit I am not a huge fan of the process and think its worthless but it is something that is professionally done).I spoke to quite a few credit unions none of which were interested in loaning to LLC.

- If you are putting an offer in on a property to get that property under contract, part of the contract is that you put up earnest money.

I remember when I first got started, I thought reading books and analyzing deals was enough.. but once you start making offers and managing properties, that’s when the real learning kicks in.

It is my opinion that you should sign a RE-14 at some point in the journey and definitely before putting in an offer.

I frequently see sub2 deals on FB and other sites and out of curiosity I look at what they are offering. 

I’m especially interested in the real estate market in the Rochester, NY area, as I believe it offers great opportunities for growth.As a beginner, I’m looking for tips on where to start.

You can structure it as an LLC or joint venture, which offers clearer tax and liability benefits.Your son doesn’t need to be on the loan or title if he's a silent partner, and you can manage the mortgage, credit, and insurance.

These homes can present excellent opportunities.

Many firms will offer bookkeeping, but they outsource overseas and mark up the price.

A HELOC offers flexibility and interest-only payments but can be risky with rate fluctuations.