The banks got burned (foreclosures galore these days), and so now they are afraid to play with that fire that got them burned.

REO Rockstar, like other Guru's, found it more difficult to profit from these type of transactions, so they started selling their "systems".Anyway, when you run into an agent or an asset manager that is requiring a bank statement, then you can bet your last dollar that they were burned before.If your going to be successful in buying REO's, you need to either use OPM or your own money to qualify.

On this thread I would like to know the opinions of professionals if a beginner or an investor with a few years experience wanting to make a living from real estate would be better off putting all of his energy into- Buy and hold for rental income, or- Wholesale properties, or- Flip properties, ora combo of each which would make someone probably less knowledgable in any one area.

There is no reason to burn this money.Wood floors ?

Could we find alternative energy sources before the economic falilure?

Sell your stock in all these banks cause they are all going to burn eventually!

Anybody who says there aren't any real estate investments in California simply hasn't expended any considerable energy or time searching.And, yes, California is considered tenant-friendly.

This way the two will work together creating a higher quality finished product and I will have the ability to make the necessary energy efficiency and aesthetic upgrades to the older portions of the structure.

But I don't manage my properties, so I never really feel "Burned out" or "Overwhelmed".So again, it depends on your situation.

Yes I am planning on raising the rents.It is an A location with older buildings.The previous landlord just became burned out and let things go with tenants paying full amounts and not fixing deferred maintenance.Some of the tenants complaints have been repair issues.I told them rent issues and repair issues are completely separate.They are expected to pay rent or will be evicted.Most of the lease are coming due in September.I am not going to give them 1 year long term leases at a reduced rate.So they have to invest in the process.New roofs are going on in the next 1 to 2 weeks along with other improvements.Currently many of the tenants do not have security deposits.They did originally but the old landlord gave them a credit off of back rent owed and they used up most of their deposits so resigned at zero deposit.Some have quoted they want new carpet.I will look into it but want a security deposit from them to do it.So a lot of this is them trying to see what they can get away with which will be nothing.We went out and posted that we are the new owners etc. then a few days later went out again and gave a note and had them sign an acknowledgement form along with the copy of the lease they signed before stating the payment they owed.Slated to go out and pick up payment on the first.When kind of repairs did you promise to make??