Also, I live in california and it would take massive capital to get involved with my own house here as a first investment.

You could make as much money managing property for others without investing the money to buy your property.Costs like turnover costs and reserves for capital improvements may not happen this year or even next but if you are not planning for them they can sink you.

That 40% figure you saw probably did not account for vacancies or capital expenses, which is why it's 10% lower than the 50% figure I use.

Any capital items like a new furnace or a new roof.You're very strapped for cash.

So if your strategy is to refi, you calculate how much you can take out without a negative effect.Your strategy will be to build capital either thru rental income which can take years or to get cash from a refi.

If you can recognize and capitalize on the hidden opportunities in title issues then you will have one more competitive advantage.

Selling helps rais the much needed capital for me too.

Call these people at the SEC, they definitely want to talk to you. All communications will be confidential:

Tom Melton, Sr. Trial Counsel, Salt Lake City SEC:
801 524 6748

Karen Martinez, Trial Counsel, Salt Lake Ci...

The $5K is capital gains, either long or short.

I would also be at a shortage of capital at the moment :lol:The area we live at (DC Metro), residential real estate just exploded in the past 6 years.