You can do very well if you only watch the numbers.

Watch out for appraisals.

As far as investing goes.. you might be able to ride it for a short period and then pull out before it dies.. but you REALLY have to watch it close to know when to make your move.

Lets discuss but watch out for assumptions.Two more variables for Poland.

MC,I would have three areas to watch for in your plan.1) Are these really good deals?

Watch this thread.2.

I was watching an infomercial by John Beck's program that claims you can buy properties for few hundred dollars (about $300) from tax foreclosure sales.

BUT only SOLD COMPS 6months or less, close to the property, make sure apples to apples ie 3 bed/2bath--3/2 ; sq footage same (close) and close to same year built.5) Work on developing a team-- this will be dynamic at first..a) A good realtor 2) title person--help get comps 3) banker 4) loan personyeh contractors-- Im a general but a have a good eletrical. painter, tile, hvac, group-- maybe you be the general and find good subs--6) TO BE truly successful you MUST start a data base of Buyers and Sellers --KEY --Investors are buyers-- NETWORKING is another giant key.GOOD LUCK , get excited when you get discourage--thats a hill you just climbed over --that much closer to you GOAL....

Nothing can get you more motivated and looking forward for tomorrow then closing on real estate deals and watching your bank account grow.

However people are scumbags ,so be careful and watch yourself.