(Im able to get into this thing for only 10K the cash on cash return is absurd from 37-56% (depending on closing paid and points i pay, its an 8% Cap, 350 cashflow (after variable expenses) Brand new.. seems like a decent first step but the functionality.. a Perfect nice 3/2/2 1400 sq pft per side is 575k , this one could be 365k if they accept my offer i sent last night)

This is a great place to connect with local investors.To help new BP members find what and who they're looking for, I recommend 4 things:1. use the search function to find topics, members and areas of interest .

(And, beware of promoters that are selling captive insurance as a tax-shelter; not saying that they none of them provide the purported tax benefits - just that you need a captive insurance tax expert help you make informed choices.)

With the whole world of information at our fingertips and groups like this is the absolute need for a mentor necessary?

I'm also quite knowledgeable about real estate investing through YouTube, although I understand that it can be like Googling why your knee hurts - there's a lot of information out there, and it's not all reliable.

With the information you gather on the HELOC; i.e. the cash you can pull out, you should then research the market around you to determine the price point to acquire properties for potential flips or rentals5.

Very informative information that should be taken into consideration.

Again it's not a deal breaker for me that the property cash flows immediately but that's good information, that will help me keep a realistic outlook as I move forward.

Limited information about the property and market trends presents an opportunity for thorough exploration.

2, Do you have a source or information where I can find a lender who offers Exposure Limit Loans (hopefully for free)?