Most people in a DEAL like to feel as if they are dealing from the most adventageous position.

First of all, why would you put yourself in a position where u would need a gun to enter a vacant property?

I get positive cash flow starting day 1, and you get to sell the home....win win!!"

What if your seller was willing to take a 20% equity position (we have a deal in progress where the seller took a 25% equity position) - your debt service goes down to $3289 and the project now cash flows $953 / month - 20% of which would go to your equity partner.

Dorothy, my take on your attorney was based on not being able to get a straight answer out of him, as that is what he is there for.But it actually sounds like some positive things have been taking place, as your sister is out!!

He told me he would sell it to me for 60-65, and be creative so I don't have to put cash out...It will work out to be more positive than my last place, but am I making the right move in leaning towards being a slum lord??

We have a few people here from Nebraska . . . just use the site's search function (on profile pages) to search for cities and you'll find people around the state.Are your properties cash-flow positive?

Have you seen properties in So Cal that will produce positive cash flow?

I do have one lending brokerage that may be able to position themselves to do both the hard / private money in and the perm cash out re-fi.

Given the fact that I have no credit and no cash, how would you recommend that I get into the business, you seem very know knowledgable on the subject of Real Estate Investing.Honestly, I am in the same position as you are creedog - I started last summer, as a broke single mom, with a full time job that said me 9.00 per hour.