keith, i did what your talking about...i was able to buy 3 three family properties this year...it is working out because i bought for cash flow...my equity in my own home was not working for me at allbut it all depends on your risk tolerance...make sure your #'s work...for example my numbers: i make over $1500/month per property i bought this year...if i could buy more i would but right now ive used all my equity up to 75% on my primary home...landlording is not easy either, just get ready for the roaches, bedbugs, overflowing toilets, fights between tenants, trash, etc...even w/ all of that its still worth it imo...good luck....bg

A landlord buyer wants a property that will make money, is a good buy for the money, and property that will be typically is easy to rent, and a property that is good shape, needs little to no work, and pretty much move in ready… Another Investor needs to make money… Either by buying the property way below value or by being able to increase the value by doing upgrades to the property.

Product is sold at each meeting so be ready for that part, but the networking is good.

They take pictures, collect the information from the seller that I told the seller to have ready when they called and I set the appt.So I pay a "courier" fee to the individuals.Time is the great equalizer.

The plan is to get the property rent ready within 6 months from posession date.There are 7- 2 br and 1- 1 br

Wow, I was not ready to learn about all of this at 17, but youre already taking steps.

I just am not sure I'm ready quite yet to do it on my own.

Ten have our agen call that closer and tell them you are ready to close (assuming you are).

Do I have to have CASH ready to buy a preclosure or are there lenders that will lend me the money?

It sounds like you've got your plan all set and ready to go.