Hi all,
I'm Tracy, I'm originally from CA but now live in Pittsburgh. Family is still in CA. I came to Pittsburgh for graduate school (Carnegie Mellon and Duquesne) b/c they had Peace Corps fellowships and I was just ...

First you must remember that the 50% rule is only a screening tool/guide to do a "quick peak" analysis of a property's performance.

Finally, there is always the question of honesty.

I think trying to support yourself in RE as a young person right out of the gates might make you rush your education or deal analysis more than you should.

The law was changing alot and the Bureaus would give me the run around but I stayed consistent and persistent to they finally realized I was not going anywhere.

Houses in my city are finally starting to come down.

hello everyone, i must say to all thanks for your honest opinions. after taking a serious look at my post for needing a mentor i guess i have to say i agree with all of you.theres just to much of me wanting something, but not willing to give in return (i honestly didn't know my post would come across like this, honestly)but anyway i guess the real reason why i needed a mentor was because i was just to scared to do it alone, but now i'm no longer scared so the whole need a mentor before i get started thing is no longer an issue. plus i've been building my team (like: lawyer, CPA, brokers, mortgage brokers and etc) and there all sort of like specialized mentors/advisor's anyway (and we all benefit from working with each other) plus i found out you have to find joy and happiness in the unknown, another words you have to enjoy the journey not just your final destination (your end dream), this will allow you to get out there and just learn as you go in anything you do.

In order to accelerate your depreciation, a cost segragation analysis is needed which inclueds a site visit and all the items you mentioned plus more are itemized and included in the depreciation shcedule of 5, 15, or 27.5 years (residentially speaking of course).A cost seg company will also go over the report in detail with your CPA as part of the service.

If the closing is similar to a regular house closing, could I expect or try to negotiate any costs into the final price and you said before the title contingency is not necessary (of course an inspection though) -- is it automatically included as the bank had to do this anyway when they assumed it on their books?

Finally, check out our real estate blog.After you spend some time doing your homework, you'll have a pretty good idea about how to make money real estate investing.You'll then want to decide what area of investing interests you . . . from there, I'd go and read the forum that focuses on that area.Good luck.