Let's face it, I am about as green as it gets when it comes to real estate investing.

Operating expenses will eat up half the gross rents over time.

@Ajay Kahlon I currently don't invest in Toronto(GTA) I did a few assignments on pre construction condos in Liberty Village back in the days.Couple of reasons why I don't invest locally in "Toronto"#1 Prices are too high#2 Toronto land transfer tax will eat your profit on a flip#3 Cap rates are too low hence return on investment or cash on cash will stay single digits on a hold factoring in vacancy rates and property management#4 not too many private deals#5 multiple offers on desirable areas (its like that everywhere)#6 little to no seller financing#7 minimal creative financing#8 Little to no cash flow relying on equity and appreciation to be positiveI was looking in Charlotte, Atlanta and many places in Texas but the prices sky rocket.Chicago and Columbus still have deals. 

I never thought of starting an LLC (shows how green I am).

Don't crap where you eat my friend.

I'm interested in working with investors and rehabbers to use the MLS to locate deals and submit offers to distressed home owners on a regular basis.I'm new and green and hungry.

I'm not going to leave it on plain white paper I'm going to try 3 different colors green, pink, and yellow.

Whizbang will be paying for that just as others have, along with motel bills, eating out and every inconvenience they can think of.

I got to check it out.. sounds like an opportunity for a lender to put some TK guys into bizz the Aussies will eat that stuff up and pay twice as much and be happy...

Hi all,I am super green in REI and am just looking to get my feet wet in this industry.