I have no money saved up, bad credit from school loans which was a waste of time after getting two Associate degrees and also credit cards.

I have no money saved up, bad credit from school loans which was a waste of time after getting two Associate degrees and also credit cards.

If you're looking to do a short sale, most banks won't consider it unless the home is headed to foreclosure among other factors.

My initial thinking is to buy (and potentially fix up) 1-2 properties before heading to school, that way by the time I graduate I'll have paid off the mortgage enough to take a HELOC and invest in a new property, potentially a commercial one.Any feedback or tips are always appreciated.

In reality Johnny, if you need to ask if returns should be monthly or annually, you're in way over your head.

But as a heads up make sure your HVAC guy gives you ALL the paperwork & that the new fce & A/C units are registered for warranty purposes.

The Lake County Property Investors Association (LCPIA) meet on the second Tuesday of each month at 6:30pm Inside Laws resturant (near the corner of Grand and Milwaukee Ave).

The places mentioned earlier had excellent ROI and low taxes and the thoughts were that baby boomers may head to these areas and therefore increase the home values in the future.I have five more years before I can receive my pension.

However, it seems like there will be about $10k in associated closing costs (tax escrow etc).I'm not sure how I will come up with the closing costs.

I can't remember the name off the top of my head but the tenant also has to pay directly through the screening company for this to happen as well.I didn't go with them because I didn't like the reports.