Only 12 percent of eligible homeowners have had their loans reworked, leaving millions more foreclosures to come.

Some of these ideas may require some major reworking of the spreadsheet and therefore will take some time.

As you can imagine, reworking distressed debt purchased at a substantial discount can to into double digit returns when a successful outcome is completed.

Stop trying to rework deals that shouldn't be purchased and spend more time getting leads coming in.

I believe your projected small cash flow in reality, in the long term, is significant negative cash flow.Maybe the RE works as a flip.I have purchased RE that projected as no cash flow and did outstanding but my no cash flow projection was using conservative estimates and the investment was made on the basis of the value add (which returned better than I had projected).Good luck

While we are not planning to make the jump right away, we would like to be setting the wheels in motion re: working on realtor/contractor licenses over the winter.Thanks in advance for your insights!

Hopefully, at this point, you have "talked" the hubby out of this deal.As I own several out of state properties, but within 90 miles, I can tell you first hand, if there are potential problems, the long distance aspect may and will create headaches for you both.Luckily, I have been fortunate to have great tenants in the closest properties, but there have been numerous "issues," some natural, and some due to tenants, that can cause financial problems.As you are in California, you had better have access to some good resources in Indy, or you will be paying top dollar for good work, or even more money for subpar work, with follow up re-work!

This seems to be the only real way to make RE work to create a legacy.Angelo is one of San Frans biggest property owners and he says he never sold.

Like, even on days when my houses were tenanted, I would be getting $300 maintenance bills -- to “rework wiring in panel area; retorque all lugs for proper terminations; found several loose connections through electrical wiring”.

Unfortunately if you want to sell the house you will need to document the rework with the proper crimps permits and inspections.