I am a motivated individual that is tired of being disappointed at the lack of money I make at my 8-5 healthcare job.

Unfortunately, the work to payoff ratio is not cutting it for me financially.

I am about to pull the trigger on a condo in Pasadena, CA and upon digging into the financials of the HOA discovered that they are funded at about 30% of what the third party HOA analysis firm would consider a full reserve.

The paperwork they have you fill out shows the free cash on a monthly basis.But if I'm incorrect I'm sure the comments from individuals on here in the banking arena will correct my comment.

I know its treated me well all these years and has led me to some pretty incredible financial adventures that wholesaling simply could not do.But if I lived in some of the rust belt markets or other markets were there are literally more homes than people to put in them. .I equate that as nothing more than being a used car salesmen.. price points are the same. style is the same.. once your done your done.Where real estate gets good is 10 to 15 years into it ALL of your business should come from referrals.. this simply will not happen in wholesaling.. wholesaling your just as good as the last sucker you talked into selling their house to you undermarket  :)

Do one every 12-18 months and in 10-15 years you can be financially independent.

I'd strongly suggest learning the laws regarding paying these individuals and how to structure the payment/agreement so you can protect yourself.  

As oppose to stocks, I know if done right, REI can help bring in a supplemental income and provide financial freedom.

So can go into a neighborhood's GIS system and look up what the individual parcels are assessed at and omit the building (also referred to as improvements), typically the real value of nearby parcels is somewhere between 50% and 75% of what the county claims; example: if the Fredericksburg GIS system claims that a certain house's land is assessed at 50K then your investor should NOT buy it at more than 37,500 at the VERY most.One MAJOR point to take into consideration is: an investor that you will help buying a parcel of land is an investor that will have less money to make future purchases.Good luck, and fee free to shoot me any questions as I'm very familiar with the Fredericksburg area and won't hesitate landing a helping hand to fellow BP.

I read through the Ultimate Beginner's Guide and the multi-family property investing seemed like the kind of investing I would be interested in (duplexes and triplexes) and potentially house flipping.I have some background in real estate investing - primarily doing accounting work for individuals and commercial real estate developers.