They will not buy second position notes.ATTENTION!!

Concidering your in Ca, how are you able to purchase a rental property with positive cashflow?

If you don't have that program and have studied and applied it, then you're absolutely positively most definitely not a serious real estate investor.

In any case, I've been debating doing a condo conversion and selling it in halves, or holding it for a few more years.The positives of selling it now that I see are:-I would have more cash available for making other investments.

There is nowhere that you can purchase any investment properties that is going to turn a positive cash flow.

Now since the market here in LA, CA is through the roof and impossible to provide any positive cash flow, I decided to look elsewhere in the country.

Here are the reasons: legal positions.Don't ask me for details because I don't know them, but I can tell you that combining the lease-option contract (filing it with the courthouse as well) solidifies your interest in the property as opposed to seperating the two which will weaken your legal position in court in the event that your optioner is crooked and has all types of liens and such on the deed that he did not disclose with you.

The key to overcoming fear is to feel good about yourself and think positively.

Also after the meeting I got a chance to talk to several people and one guy know that I'm just starting so he's offering some duplex for sale in colorado for about 50k - 70k with "positive" cash flow.

Hi, an investor has been talking to me about a condo conversion in atlanta, 1280 west to be exact, anyone familiar with this conversion, any positives and negatives??