Some other people I know have a one bedroom slopeside in breckenridge that they can't get into if there is snow on the ground.I'm sure the property management & placement company has a fair bit to do with it as well.In my book, you probably won't make money on it.

Since I'm fairly young at the age of 28 I think its a great time to start.

I have the option to buy a 1942 duplex in fair condition for $95k.

Hello BP members,I am fairly new to real estate.

I am fairly new to RE investing as well and currently looking at properties in La Crosse which is my hometown, close to St Mary's.

George UT and a bunch I don't know of all have been able to start up some Spec build projects recently.

I've taken my fair share of sub2's which is actually more creative so if it works for someone, more power to them.This is very different, though.

Just be careful about fair housing laws, as this strategy gets tricky if you ever deny renters to try and hold out for a buyer.

If there isn't anything about a deed restriction, like not being able to resell for 30, 60, or 90 (or sometimes more) days then you can probably double close without any issues.If there is a restriction then you can still usually sell it just for some capped amount (I think usually 20%) more than you paid.If you can carry it then you can also wait out the restriction as well.This should be fairly explicit in the documents and if not then there shouldn't be any issues double closing.

Without a track record, they tend to want a big down payment and have fairly aggressive terms.I suspect, as with any business or finance relationship, if you have a proven track record, you can structure better deals.As far as approaching private lenders, I would start by Googling.