We on the other hand, had high W2 incomes, but to make some deals, especially in NYC, you got to show can put a lot down, even to the buyers, not only the banks.The problem came several years later, when we tried to refi to get better interest rates, cash out somewhat and maybe buy even more properties.

I thought he needed to know the severity of my situation.

There are several legal concerns with your proposed business model which should be reviewed by a local attorney before you begin leasing.

@Christopher Labonte,Funny you should ask because I actually found biggerpockets several years ago looking for questions to screen property managers.

Refinancing will be less than ideal because it costs several thousand dollars and rates will likely be higher then.

My wife and I are real estate newbies, but have been investing in more "traditional" investment vehicles for several years now.

We look forward to posting several success stories here and helping others in this journey to financial freedom.  

I'm sure several of you have done this, a step by step would be great along with what to look out for.Thanks!

I'm looking at a property that has several county liens (Escambia County, FL) and I was wondering if anyone knew if those liens can get waived or not.

Several of my friends have expressed an interest in getting involved with me to fix and flip property.