The problem I have with preconstruction is that depending on lender guidelines, it is so easy to get sold on the idea to buy one with low money down.

I passed it first time, but I know others have trouble as it is not an easy test, the classes would come in handy.

I am specifically nterested in rental properties as it might not be as easy to flip the houses.

BTW, I think sheetrock and laying tile are as easy as painting, in fact I'd rather do the first two than paint!

With the right tools and knowledge, finding and negotiating the sale of a home is almost as easy as it can get.

It would take 3 or 4 years of heavy payments on that 2nd before it was gone and I started seeing positive cashflow off the rental.If I had $20k in cash laying around to use as a DP on the new house, this would be pretty easy.

When you only have one rental, it is easy to pretend that you are making more money than you really are.

hey Joshua Dorkin,I'm not a computer person like yourself, I was asked by Graham to Join this discussion because my family received a low interest loan and he wanted a person who has actually done it to speak up.I have been in Asia for 12 years supporting orphans, and outreach groups, and volunteer every weekend I'm in Japan helpin Japaneses couples with their big wedding day.

The vast majority of the time, it's brought on by poor, bad or just dumb choices.It's easy to sit and say, "I feel so bad people are losing their houses."

you'd need the financing up front - that's not easy to do - unless through a hard-money lender and that can be challenging as well.with reo's - they usually require an earnest deposit (like 10% of purchase price).