Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Of course, you need to read The Ultimate Beginners Guide to REI here on BPIf you haven’t already, please read/listen to these books ASAP!

If you haven't already, you should read the Ultimate Beginners Guide https://www.biggerpockets.com/real-estate-investin...This is a good start, especially chapter 6 on financing deals.

The first is that you now own a security and can no longer 1031 Exchange so when you ultimately sell (if you do) you will pay the deferred taxes. 

Sure...but it will eat up it any profit you thought you were going to get when you made the original loan, AND will ultimately cost you money IF you are successful.

My wife and I are just starting out in our education in real estate investing, and are trying to understand and ultimately decide whether we should be Traditional or Creative investors.

I'll take any input you have but I know I will ultimately have to run it by a lawyer, so if you're a lawyer that specializes in this stuff can we chat???

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

This is ultimately where I'd like to end up, but it'll take time to get there.So to participate in phase 2 of wealth generation you need active income which is where the flips come into play. 

Even if that's what you ultimately want I would suggest you look at vacant properties, too.