I have read bits and pieces about real estate a couple months ago and had a successful tutor, but I got distracted by other things and stopped with real estate.

So you should stop right there.

A work ethic is absolutely a requirement to success...no doubt.But I think another often overlooked ingredient to success is passion.If what you do is a labor of love you'll never stop.

Or can you do this and keep the property and just get an equity loan or line of credit against it to pay back the money borrowed.

Go to a small local bank and borrow the money.

Your risk is that the team, goes bad and people stop coming to games.

Freddie Mac recently announced guideline changes that will greatly affect residential real estate investors.Beginning August 1st, 2008 the following changes will go into effect:A borrower may not have more than four financed 1-4 unit properties, including the subject property.

I haven't been stopped yet, no one has said anything, and the deals have closed.

If the borrower files a chapter 13 and actually makes payments the foreclosure may never take place.

My wife has been a realtor for 3 years and myself 1 year.I want to go into wholesaling for 2 reasons: 1 being so we can have sort of a 1 stop shop as far as dealing with sellers, motivated sellers, investors, and retail buyers.