Basically, you find a motivated seller and offer to lease their home for a number of years and then have the option to buy them out at the end.

This way they can keep up and your heating and air conditioning units will survive.

but let me tell you - if you're going into real estate investing - say to wholesale - just stick to the basics. you're not going to wow anyone with a good name.and you absolutely cannot make up a name and slap it on a business card or any marketing material - at all.

My name is James from Ipex Home Supply in North Bergen, NJ and I am here to answer any questions you may have from your kitchen to heating, flooring and windows.

your plan now should simply be to learn the basics.

If you must ask such a basic question, you really need to reconsider your investment choices...

Its a great read for learning the basics of financial management.There are ways to make money in real estate with little or no starting capital - wholesaling, birdogging, lease options, owner carries, and contract for deeds - but understand that unless you learn to be diligent and disciplined with what you have now, then when you do get more you will just be broke at a higher level.

i would like to rehab a property so i can make some money to get into renting. i am currently 18 and in college and have very little money. because i have such little money i want my first property to be the cheapest property possible so im basically looking to fix up from a shell. does anyone think this is way to much to handle for someone without experience?

All systems i.e plumbing, electrical, roof, heating, etc. have been updated recently and are in good working order.

The housing market will turn around only when first time buyers can afford to move into housing, whether "afford" is persieved or real also plays into account the turn around in an unknown way.That is the basic crux of the housing market.