Hello Everyone,I'm a newbie investor from DC/Northern Virginia looking to get my feet wet on a rehab while working full time for a commercial developer.

It is no surprise that the book is highly engaging and rewarding since the author has peppered it with numerous examples from his 30 plus years of experience.As many have mentioned, it is an easy read.  

Hopefully we will cross paths in some form in the future.I'm currently a renter but definitely looking to get my feet wet with my first primary residence purchase in the next 6-12 months.

You also can only obtain a few properties rather then numerous properties because you use up your debt-to-income ration.Your friend also says it's bad for the local economy for investors to come in.

I live just outside of Orlando, and I pass numerous vacant houses each day.

Here is a numeric example to illustrate what I am trying to achieve:purchase price + rehab: $100K = $20K cash + $80K from HELOCARV: $133Kcashout refinance 75% of ARV: $100K goes pay off HELOC and keep $20K cashThanksNick

@Lora Hish for numerous reasons the property needs to be owned by an LLC.

I have done this numerous times with loans for operating capital, or loans where individuals did not want their funds returned after the sale of a specific property.If you have a different free and clear property, you could secure their loan with that, or any property with substantial equity, could even be your personal residence.

While I don't think your intent was to bash on us and I agree with a lot of the comments you made I've had numerous renters whom have made me cry because they got the house they wanted and wanted to thank us for giving them a chance.

So good for you and other young people like you on these boards that are getting your feet wet early.