If long term wealth is your goal then getting a property with 10% cash return may be fine when you add in equity gain and appreciation, that's a personal call.How much risk can you deal with, how much work do you want to put into it (in terms of rehab and management), and what type of returns do you want to get will be the key things that should guide where and how you invest your money.

When I build houses, I try to pay close attention to the sight lines out the windows... show what is pretty and if there's nothing to look at, try not to put a window there if I can help it.If I can't help it, the window with no good view will get miniblinds that will stay with the house after the sale (For $4 per window, they aren't worth the hassle of moving in and out.)For windows in main areas, we'll use curtains or some kind of nice looking drapery.

But for the average homeowner, a lease option is really just a way to gain possession of a house while working on purchasing it.Lease/options have a bad reputation because some investors use them to, frankly, cheat people out of the option money.

Reminds me of when I first heard of the concept of real estate investing (17 yo - or maybe that's just when I started paying attention) and I met a kid/co-worker who was on his way to college financed by an 18 unit apartment building his parents had purchased for him when he was 6 years old.

This means it is shared loss/gain proposition and you assume potential liability for any losses including legal issues that may arise.Essentially, your betting that your operating partner has the skill and experience to find, rehab, and manage the property.

We are looking forward to your super conference & gain additional knowledge to build our Investing business.

Once you show that you are for real (by closing on a deal,or by giving them offers that make sense along with POF - POF is the thing that helps your credibility), then you will be able to ask them to keep you informed of new listings (and you'll ask to gain access prior to them hitting MLS).You say you have already closed on REO before.

I'm just wondering if in a few years I can sell the house and have any potential gains covered under the $250k exemption, since it is my primary residence.

I have posted other topics/questions that have received a lot of attention.

I I paid special attention to the speakers in the subjects that were going to be covered.