Because if he doesn't, everything and everyone involved is illegal and subject to issues down the road.....

I think that even a frequently asked questions for different groupings section would be good!.

-Interest Rate Adjustment: The interest rate payable on this Note will be subject to adjustment from time to time in the event "lender" deems it necessary or prudent.The above terms are not all inclusive and any final commitment and documentation would include other such conditions that are customary for similar transactions.

Phoenix and Vegas are just areas we looked at since we have family there and we visit frequently.

Jody Sperling, my name is Raymond Latham and I'm just starting out as an investor, I just posted a question about this very subject and my question was, should I funnel my cash flow to a Roth IRA.....

@Paul Smythe like they say frequently in the podcast, there are deals within two hours drive of any market.

as @Justin Polston already mentioned I would see if they owner is open to a seller finance/subject to deal with a 10% down payment and see if he would be willing to give you guys terms and then do a balloon payment in 3-5 years once you've had time to stabilized the property and refinance.

@Luis Garcia Neighborhood class are somewhat subjective, but below is a BiggerPockets article on the classes from one author:https://www.biggerpockets.com/...

I read books on the subject.

You can buy houses with credit cards, but have to convert the money into cash, which costs many percentage points (unless you have a special offer from the specific CC), but once you convert to cash, you lose the points associated with spending the money.However, I do run all of my rehab projects through credit cards, and frequently have tens of thousands of dollars running through those little puppies.