mainly the point being that positive cash flow is a very slow way to building wealth through REI.Basically the concept is that if you have a property that is generating... lets say 500 dollars a month, after all expenses.

I also am very excited because I am actually understanding the concepts and strategies.

Basically meaning someone had added some interior walls at some point without telling the city.

The profit in these areas of RE is probably better in selling the program or concept than properties.

The basic act of marking a product or service up is not gouging.

A general warranty deed usually warrants title through the whole chain of ownership through time.A special warranty deed which is what many banks and REO do is saying " I only warranty title on the property for the time I have owned it ".Quit claim basically says " whatever interest I have in the property I give to you but no warranty on title is implied whatsoever "Hope it helps.

I have been reading the blog, forums, listening to the pod casts and basically taking in all the knowledge on the site I can for the last few months so I wanted to say hello from Pittsburgh.I have been investing in Real Estate for a while now and this is one of the best sources of knowledge I have ever stumbled across.Thanks Josh and Brandon for all the info!!!!

Basically, I can place a down payment and then buy down the lots.

I think in general this has been mostly a bait and switch - first it was an insurance job, but he mis-read the insurance policy that we gave him (he basically thought it was the policy where he could make some good money), so then he revised the bid to be a "cash" job with a $1,000 limit on "unforeseen work" like extra shingle layers and redecking.

No matter what the gurus say, it helps to actually have some basic real estate education before you start putting contracts together, and tying other people's futures to your deals.