@Bryson Rogan first off, I would read some books - Multi-family Millions by David Lindahl and ABCs of Real Estate by Ken McElroy are my 2 favorites.

I read several real estate books and I heard about buying houses from homeowners who can't make payments but I never got exact details about how to do this.

For the past 6 months, I've read a number books/articles/blogs and have just begun listening to podcasts as well, and am hoping to learn as much as I need to so I can acquire my first multi-family property before my lease ends in August.I'm looking in several areas I'm familiar with (Beverly, Mt.

I have read J Scott's book on estimating Rehab costs, but being in California, the numbers will probably be way above what he states.Personally I have done some light electrical, plumbing, and remodeled a bathroom, so I have some construction knowledge.  

My thought process has been like this so far: First learn learn learn, read books, listen to podcasts, hit up my local REIA (which I just found and just need to attend), network, talk to a bank, etc.

A 27% CAGR is good in my book, but to each their own. 

Read Set for Life and some of the other real estate books to get yourself directed on the right foot. 

Banks are not going give a no-down loan as he suggests the new-buyer will get.I agree with you, the money needs to come from somewhere to payoff what's owed on the $20K.Jon, I'd suggest you NOT focus on this page in this book and I'd suggest you think of ways to shake up something for yourself where you are.In your setting, I'd ask who's your buyer?

I started by reading some real estate investing books, listening to the BP podcast, and soaking up any information I could find about real estate investing. 

I have been a member of Biggerpockets for about 3 years learning very much there and because of my medical condition I spend most of my time 10 to 12 hours a day, seven days per week, on the Internet and I read a book about every two weeks.