Hi,I am owning a nice house currently worth 600K (clean from any mortgage or debt) and finally understood that sitting on this kind of asset is just a monthly waste of money.As I am completely new to the real estate investment business, I am wondering whether it would be the right way to sell my current house and buy several assets for rental or keeping this and getting a loan/mortgage and buy, probably, fewer assets.I am sure there are many answers to my question but I'd really appreciate to just get some kind of idea of what the right direction would be.Thanks in advance for any replies  

. - Probate deal, it came from a relationship with a Realtor.3/2 1250Closed Sept 28 2015 Rehab completed 11/3In Escrow 2/1/16Purchase 174kOriginal rehab budget 30KFinal Rehab cost 45k - the decision to increase the budget was critical to remove the Quirkiness of the home.

I recommend you start by taking the CCIM introductory course, and then complete the series of CCIM classes.  

If you negotiate a good enough deal that pays you then complete the transaction with the investor to buy the house you have under contract.

., I agree with John Kent on this for an Attorney, simply put,  the project your working on will consider more information than you would a Residential Home.

Similar situation as Jim’s: is W2 form really necessary (as Brian Eastman suggested) to add spouse to solo 401(k) plan, or can spouse simply be considered as a co-owner to an LLC?  

If they start a fire or break a pipe then you would likely have coverage (review your policy for specifics) but if they are simply negligent or messy then you will have to pay out of pocket.

I would like to pull some money out to complete the work - about $15,000-$20,000.

I'm completely new to real estate investing and I'm looking for a second source of income. 

, (2) completes the job on time and on budget, and (3) does a good job.