Again, you're going to need a lawyer (and money to pay that lawyer.)Family's involved, so there are going to be hard feelings no matter how this comes out.

I personally believe that you cannot get involved in these situtations.

It also lets a criminal investigator identify a pattern and who engaged in the activities plus the sums involved.

I'm really glad to see another younger person involved in real estate and investing.I pretty much have the same situation as you, my mother is supportive, and no one in my school of 2500 students has a clue what any of this is.I'll tell you, from my personal experience, people (most the time) view you as a very driven individual and are impressed.Ive yet to receive a negative experience due to my age.unfortunately, I'm only 15, but my mom is willing to sign my contracts and basically be my business partner.Starting out young is the best thing you can do, you can re-invest many of your profits since you don't have debt or a family to feed.Congratulation's on your investments ($5,000 is pretty decent for 17)and keep learning.

Is this a realistic pursuit based on the required dependence on Always being my credit involved?

arm reset in october '07 and there is also a health hardship involved.

I was just looking for the same, glad to see more are getting involved...I am in Anchorage,alaska. a new private investor.so am looking forward to my pm....

It should never be given to open up say a video rental card and I believe that anyone denying you services because of refusal to give an SSN can be fined.

We just recently got involved in the bulk REO game (by sheer happenstance I might add) and am looking to learn all I can about this niche industry.When I'm not working in RE I volunteer as a consultant for SCORE which is a small division of the Small Business Administration.

You can take an apartment building with problems say 40% occupancy and deferred maintenance and bad tenant mix and management problems and use commercial hard money.You will have to figure in the high debt service while turning around.Once stabilized you will refinance out at the new value up to a certain LTV.Take the money and do it again.The larger the project the more the potential ARV spread after stabilized but the more risk.The larger projects take more time to turn around so the churn rate on the money is slower.What happens and I have seen this is people run out of money and the property is taking longer to stabilize than thought.Then you have some money left but not enough to take down a property yourself until you unload this other deal you bought or refi.You then start partnering with different people on different projects which can lead to a mess.You don't just want to grow out of impatience or doing more deals and then get involved with the wrong people or overt extend yourself.You want smart,well thought out,controlled portfolio growth that is highly calculated.