Finally, out of my own misfortune (a car accident), I am now financially able to make my move.I ask myself, will I feel the same way about flipping houses (what I want to do), as I do about my web development?

Finally today they called me and said the appraisal came in at 22K.

Enroll in the DRIP program with your broker and have the dividends reinvested automatically to acheive compound interest at no transaction cost.Good place for LT invesmtent and/or a good place to accumulate a liquid capital position for potential RE acquisitions.

We purchased a 6 unit complex 2 years ago and are now finally switching over everything.....The total conversion will run about $5000 per unit , which is definitely not something we wanted to do.If tenants don't pay for something they see no use in it , they won't care if everything is on all day long, the heat is up to 85* because you're footing the bill.If the utilities can be minimized/elimitated , the property looks like a good deal overall then.

In a back-to-back close, he uses hard money to close himself, then resells to his final buyer a few minutes later.

Altho, having approximately 20 months to use the IRA money to generate a lot of money, deferring paying the tax for as long as possible via extensions, and then finally paying the taxes out of the profits I've made (and will continue to make), may put me further ahead.Let's face it.

There is a sticky thread about it.For lower priced houses, I also use the 2% Rule, which just says that the gross monthly rent needs to be about 2% (or more) of the acquisition cost (purchase price + rehab) if they are going to cash flow properly.

As long as all the debt is acquisition debt (i.e., not a refi or HELOC), you may be able to avoid any tax, too.

On the buy side, if you lack cash or credit, you may want to look into creative acquisition strategies such as sub2 or buy with money partners.

I would recommend extreme caution about getting anything started that you could not have finalized before leaving.