However, you MUST understand the rules and laws associated with these types of deals.

Well when you start borrowing in that purchase range (I don't think) you'll run into the Fanny/Freddy rules because you're not dealing with "conforming" loans.I started doing cash purchases due to the high (onerous IMO) charges associated with borrowing on lower end properties.

Anyone heard of p.i.r.e & Associates in Chicago?

Hopefully I stated this clearly...I just have a thousand thoughts flying through my head after reading some of this book.It's been enlightening to say the least.

KERR, Associated Press Writer 41 minutes ago WASHINGTON - Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress.

Learning the basics puts you head and shoulders above that group.they keep telling me market is bad and a lot of real estate agents are having a hard time, is that true?

If you pay a quality lawyer for your paperwork and are a diligent professional in setting up procedures and systems for doing business, then you can mitigate a lot of this risk yourself.General liability insurance: This helps cover the LLC if someone slips and cracks their head open on the sidewalk, gets hurt at work, etc.

I shrugged it off; I knew where I was headed.

PNw, It sounds like maybe your rails are too far apart and maybe a babys head could get stuck in between it them.

That being said, I have my concerns about a big corporate "dude" coming in when I am a farm boy and should be able to associate with the land owners for sure.