I always recommend starting in your own market first, then go out of town, then out of state, but I understand California is expensive.If you need to create cash, wholesaling is the best alternativeIf you have some cash, then maybe do a few flix and flips to build your cash reserves.If you have cash saved, yes you can buy a rental in other markets, but you need to research and create your list of contacts in that marketYou can always buy a fixer upper, then refinance, and repeat, you can do that with favorable rates up to 10 times using loans for a secondary/investment home

So they pay the first half the 15h of the month prior or the 15th of the month in which it was due?

This is my first post here, so hello everyone.

I would say you are better off learning the business first and then see what various buyers will offer for a finders fee.  

I'm just having trouble making the contracts and would like someone to walk me through my first deal, if you have knowledge and spare time.

I was planning to bills my own software based on my books, when I first saw houseflippingspreadsheet I decided that it was close enough to what I was going to build that there was no reason to replicate it.It's not exactly what I would have built (like you said the methodology and format is a little different) but it's definitely just as good, if not better than I would have come up with.

I understand that the Section 121 Exclusion for Primary Residence allows you to sell your Primary residence and not have to pay ANY capital gains taxes on the gains/proceeds - as long as you use those funds to purchase your next Primary residence.What I cannot seem to find the answer to is - what is the maximum timeline allowed from Sale of the first Primary to Purchase of the replacement Primary residence? 

View report*This link comes directly from our calculators, based on information input by the member who posted.This is the first time I'm using the calculator. 

I am looking at a pre-foreclosure now in Hawaii, how do you contact the bank or what would be the first step?

If your attorney makes a special trip just to do your case and sits and waits while the regular guys get first hearings you will pay through the nose.Dave DonnettMike HaasForest HeisPS: Hamilton County strictly enforces the rule that if the property is in an LLC or the eviction is brought in the name of a management company, a lwyer must appear.