Now since the market here in LA, CA is through the roof and impossible to provide any positive cash flow, I decided to look elsewhere in the country.

Here are the reasons: legal positions.Don't ask me for details because I don't know them, but I can tell you that combining the lease-option contract (filing it with the courthouse as well) solidifies your interest in the property as opposed to seperating the two which will weaken your legal position in court in the event that your optioner is crooked and has all types of liens and such on the deed that he did not disclose with you.

The key to overcoming fear is to feel good about yourself and think positively.

Also after the meeting I got a chance to talk to several people and one guy know that I'm just starting so he's offering some duplex for sale in colorado for about 50k - 70k with "positive" cash flow.

Hi, an investor has been talking to me about a condo conversion in atlanta, 1280 west to be exact, anyone familiar with this conversion, any positives and negatives??

I started out wholesaling houses to investors who want equity positions (NO CASH OUT)....I simply created my starting funds doing these deals....I must say it was hard at first with plenty of properties but no buyers, now it is vice versa.....these days, you have to watch out for those properties that are not truely discounted...best of luck!

How bad of a position is this to be in?

. – I WILL CONSIDER ALL LENDERS IF IT MAKES SENSE.2) Hard money or private lenders that will pay for 10%, possibly more of the purchase and/or the fix up costs and / or the payments on the property and / or points required by other lenders (created as a second position note) not to exceed 85% of the ARV.If you are a lender – Great, if not but you know people who are lenders and are willing to help a fellow investor out – Great, if I need to give you a name to get a name (trade names) – Great.I have properties in Utah, constantly but none specifically being listed at this time.

At the same time building up you cash and credit to put yourself in the best possible position when your ready to start investing.

Those times when that has not been the case, and the bank has required nothing down, I've usually found that the mortgage broker misled the bank and told them that the investor was planning to move into the house upon completion.In order to build for my investors without putting them in a position requiring cash, or requiring them to mislead a lending institution.