Plus incredibly profitable if you know what your doing.

I'm so happy that you've found the site to be incredibly helpful, and I hope that it proves to bring you success in your investing.We can definitely use enthusiastic members like you to help motivate others on the site who are getting started.

Many agents hate working with investors because they are 1. embarrased to submit low ball offers and 2. it's a lot of time and most investors won't even close on a deal with them - especially if they plan on going unconventional routes like assigning leases etc.You need to find an agent that specializes in working with investors - calling up a top producer at a random office and or even a newbie isn't going to do you any good.Instead I would call the office managers and ask them who specializes in foreclosures/investors and they should give you some good reference points.

The information here has been incredibly helpful.

Can I really get property for incredibly low prices?

Jim,Have you reviewed the ebook MikeOH has produced.

This garage is not an income producing rental yet, but like I said, It’s a nice lot with every home on the street valued at $100K+ detached single family homes.

This garage is not an income producing rental, but like I said, It’s a nice lot with every home on the street valued at $100K+ detached single family homes.

Quick turning properties is a dealer activity and considered a trade or business if it is done with frequency.Better strategies for an IRA will be more passive, both in terms of your involvement making deals happen and in the type of income produced. 

But of the answers I know off hand, i standby eliminating the tenant as wasteful.these tenants have been some of the best ones, as very frugal and incredibly responsible.