I am up on the basics in these areas but not the nitty gritty stuff.

I'm really glad to see another younger person involved in real estate and investing.I pretty much have the same situation as you, my mother is supportive, and no one in my school of 2500 students has a clue what any of this is.I'll tell you, from my personal experience, people (most the time) view you as a very driven individual and are impressed.Ive yet to receive a negative experience due to my age.unfortunately, I'm only 15, but my mom is willing to sign my contracts and basically be my business partner.Starting out young is the best thing you can do, you can re-invest many of your profits since you don't have debt or a family to feed.Congratulation's on your investments ($5,000 is pretty decent for 17)and keep learning.

I have been coaching some new investors over the last year and decided to start writing down the basics for they and others that I can share with in the future.I have addressed some of my own frustrations as I learned the ropes but my experiences are of course different than what others have experienced.I would love to hear what you found the most frustrating or what was your biggest road block to getting started in real estate.Thanks for your insights!

has anyone ever bucked the percentages and basically tried to save the bank there foreclosure and closing costs?

Basically you send one of the big three a utility bill and copy of your driver's license.

But then i found out that they don't tell you that you have to have their basic services first.

I got out of that industry because it made me sick to know these guys were basically making fortunes off people’s ignorance.

The Managing Members will also be liable since they are general partners.So basically I'm running away !

It'll take a little work and take a little time but if you use a basic approach (one that's worked for 6 centuries, incidentally) you'll get there.

For instance, we have done a flip that was almost a complete gut job and we have done a flip that was basic cosmetic work.