However, you have to be prepared for an angel investors to demand a high return in exchange for their investment.

It is worst than risky trying to invest in a broad range of markets without understanding precisely what is going on in those markets.

If you're going to do deals outside your state you will need to look at registering with the SEC/US Security and Exchange Commission to protect your self.

Ahhh precisely what I was going to bring up (Portugal)!

Out east is a whole nother kettle of fish.Not buying ski in ski out condo's at Silverstar BC for 29k Canadian  when the exchange rate was almost 60/40 to our favor... those things sky rocketed in value.To many F ups with mom and pop contractors to talk about...

Here are my goals.Establish real estate experience/credibility by:- Having a net worth of one million - five million in 1-5 years- Rehabbing 5-10 properties by end of each calendar year - Do a 1031 exchange to hold 2-5 properties free & clear by middle year of 2015.

Just watch the exchange rate!

Specific factors that might cause such a difference include, but are not limited to: American Home's limited operating history with respect to its portfolio strategy; the potential fluctuations in American Home's operating results; American Home's potential need for additional capital; the direction of interest rates and their subsequent effect on the business of American Home and its subsidiaries; risks associated with the use of leverage; changes in federal and state tax laws affecting REITs; federal and state regulation of mortgage banking; and those risks and uncertainties discussed in filings made by American Home with the Securities and Exchange Commission.

Looking forward to exchanging ideas with you.

As a realtor, I feel that free exchange of information is an advantage to consumers and will eventually equate to a plus for realtors.