Final thought, if you buy a house for a rental you are going to get enough in deductions to offset any profit it makes for awhile and get the tax writeoffs available to you and you will actually make a couple hundred a month in cash flow.

I had this passion for RE investor for some time so I finally decided to take the plunge and do foreclosures.Thanks!

One final note that I should have mentioned but did not.

Analysis of the tenant mix with a view to optimising it is an important part of the buying process. 2) Property ZoningSuccess in real estate investment has much to do with land zoning.

This agreement sets the maximum mortgage based on debt service coverage, and helps to finalize borrower equity requirements.

CMA and careful analysis of the property are essential to the sccess. also equally important is seller's motivations: why is he selling?

I employ the very best people to do the analysis of the area: I’ve got economists on staff that looks at the regions we’re interested in and can do high quality, in depth analysis.

Well I finally got all moved in.

The investor took months and probably $15,000 to fix it up, listed it with a realtor, waited months and finally sold it and made $15,000.

So I tried to call the realtor that was listed and after about 4 days, I finally received a call back from him.