Hello Everyone,We are newbie investors who have bought and sold a few homes but now want to get serious about investing.We know we need a mentor to kick our butts and focus on the important stuff and we know we need a system to follow, and one that matches today's real estate market conditions.We think Wholesale Flipping is the shortest route to first payday.

I'm in pretty much the same boat you are Justin.I just ended up taking courses to get my real estate license and I think that route was awesome as I had a commercial broker and investor as my instructor, taught me tons!

For instance, knowing where the load-bearing walls are, knowing what types of tenants the property will attract, knowing the routing of plumbing & condition of the sewer main, knowing how noisy the street is, knowing that the house has a serious settling issue or water diversion problem, and--importantly--knowing how the property could be changed to force appreciation/rent.

Hello BP experts,I am new landlord getting ready to lease my townhome to a prospective client here in the Raleigh-Durham area.I read some of the posts here on quick and safe rent collection practices and i am wondering if i choose to go the online rent collection route to avoid the hassles of receiving checks through mail, are there any recommendation for Rent collection service that is safe and secure for both tenants and landlord?

Other good routes would be a good local landlord-tenant attorney, or you could always pose as a prospective renter and ask some of the larger property management companies for their lease to review and use some of their docs as a template.  

Is there a way to just get the property deeded to the LLC and skip the quit claim route?

The largest problem with this route is I need to pay the seller's equity and appreciation amount over the existing loan.

So, for example, if you had paid your mortgage down by $30,000, you'd walk away from the sale with a total of $65,000 in your pocket ($35,000 from appreciation + $30,000 from the equity you built by paying down your mortgage).So my Question is does anyone see this as a Red Flag or any concerns going this route to build my second house on my property?

If you go that route, it helps to provide something to the contractor first.

I will reach out to the planning and zoning department as you suggest and hope that they can be helpful for me to understand the process and timeframe for rezoning since that may be my only route to finding the land I need.Thanks again for your guidance.