And, it's cost them more than book value!]

However, from an asset management perspective, it seems like it is not wise to pull out all of the equity because you'll be over-leveraged with tons of debt on the books.

Listen to 200 podcasts and read several books before continuing.Then find a good deal and pitch it to people.

I just recently picked up Brandon Turners book on Rental Property Investing and have been listening to the BiggerPockets pod cast daily.

I know I'm not super active posting but I do read the forums quite a bit and have listened to maybe about 1/3 the podcasts now, but I can first off say that having a place like this has really helped me a lot in guiding me to the right decisions that has made my first attempt a success!

When I first started out I also liked to read finance books.

I have been studying The ultimate beginners guide and looking at as many podcast and YouTube videos as possible.

Talk to an entity attorney though and they can guide you on best entity to choose after you explain your situation.

For a number of years we felt we weren’t in a position to invest in real estate and we always had good reasons/excuses, but after listening to and reading so many stories I can see that we really should have started earlier.I’ve been consuming as much material as possible the past several months from books, podcasts and blogs.

sometimes yes. book it. if you do not disclose you double close.check the laws in your state.