Jamie from Sydney Australia I've been keen to get into real estate for years but have let fear hold me back, always thinking trying to pay my own mortgage how can i afford to pay for two.So stumbled across some Bigger pockets vid's on Youtube last month and here i am taking the plunge, ready to learn all i can and help others anyway i can.I'm looking to learn to flip properties and have investment properties, with an end goal to assist hard ship family's with affordable housingMy credentials are, jack of all trades master of two, licensed Carpenter& Joiner and Cabinet Maker, i have the skill set to do 90% of a renovation myself, exceptions being major plumbing and electrical.So i'm ready to absorb all that i canAnyway thanks for your time and i'll catch you on the flip sideJamieG'Day newbie ;)A tip for a fellow Aussie.Conduct more due diligence on the people you are looking at doing business with rather the stats/demographics of an area or deal.It will all look amazing compared to the numbers you can find in Australia.Most of it just camouflage stuff.Too many Aussie's have been burnt investing in the US so please don't become another.Sorry to be a downer lolMuch success

You're being sold a bill of goods.  

It is not necessary depending on your ability level.

What we are looking for:-80% LTV on refinance w/ cash out if needed-5-6% Interest rate-15-30 year fixed no balloon-Ability to do Multifamily and single family

My first reaction is that trying to bill separately for sewer could turn into a billing (and potentially legal) headache.  

I know a few bigger players were this is working but they are working with hedge fund type money 5 to 20 million.. and have the powder and ability to scout the VERY best deals.. most folks simply can't do that .. if they are starting out.

Why advise a newbie to put something under contract that they have no ability or intent to close on? 

He keeps text messaging every few hours with different stuff since he was served today (I have ignored and will no longer respond) and now is trying to say he will fix the things himself and send us a bill. 

As far as an LLC goes, I don't see a problem buying in that entity or funding for that matter.Just do your homework: allowing for vacancies, management (Even if you manage yourself), and capex will give you a better idea of the property's ability to cashflowBest of luck to you

I am hoping to finish a masters degree before I take on a full-time job at a church as a youth pastor, so that could be several years from now--especially if I continue working full-time with LU.After reading several books about making money, I am pretty convinced that Real Estate is THE major on-ramp for building wealth--at least for people who aren't blessed with the athletic abilities of professional athletes, or people who inherit money/companies from their parents.