Learn the basics and don't be afraid to pull the trigger when you run across a good deal.

I just joined this forum as google pulled it up quite frequently.I am about to purchase my first investment property and would like to know the formula to find out the ROI.

We want to pull out some equity to re-invest.

I came to this board mainly to look at different financing options and things of that nature since I haven't kept my credit in the best shape.

Third would be just about anything else, although you shouldn't pull up in some luxury or sports car.

And starting to look at yourself in a new light.Next thing you know here's what will happen....You'll be driving along in your truck "your a truck driver remember" ;-) and you'll see a book store, and you'll think to yourself "hmmmm, I'm gonna pull in there and see what real estate investing titles they have and maybe pick up one or two".

You need a realtor to pull comps and a CMA on it for you.

We can estimate, but you're going to have to talk with a mortgage broker who can pull your credit and tell you what you'll qualify for.

The MLS has an activity search which will pull up any properties that are new listings or have a price change in the last X amount of days.

Now as a realtor if you are selling your own house then you will save on the listing fee, you will have access to the MLS to pull comps, and you will have some contacts starting out (at least the other agents in your office).I personally don't have my license, and have come across very few times that I wish I had it.