Remember this, if you do a property owner or an investor wrong, you'll carry that with you and you'll hurt your business.So don't be an *******, basically.

We are even considering taking a real estate class or something similar to speed up our learning curve.Im actually flirting with the idea of a new career with more potential for our future, something that we could carry on/for our retirement.I've been always fascinated about real estate, but my only experience so far, was buying the house that we are actually living (for the last 8 years with 1bed 1 bath) that is still upside down (and yes, we are still traumatized, lol lol lol).Many plans for our future (including kids) but not really knowing how to start with our 9-5's, but learning before anything else sounds like a good start (at least for me).Great site guys and thank you once again for all this compiled information for my thirst mind : )

After the house is fixed up its worth 20kThere is  a seller carry back mortgage of 6k that was from 2005 and was to be paid off in 2009.  

Carrie Giordano Sorry for the interruption in this thread.

If I have financial (number of loan limits) limit of 10 loans I can carry at a time, then that same $4,500/month goal tells me I need to average at least $450/month per property.It's pretty straight forward.  

The most important thing to remember is that everything you do needs to be justified by the economics.Do not get carried away and try to make this into the Taj.For every dollar you spend, you need to consider the marginal return.

Maybe you can do some owner carry.

Would she be willing to carry any of the paper?

What are the laws for carrying a 2nd for the down payment (i.e is there a maximum number I can carry as there is in owner financing)?  

-----Edit to add (And this may spark a lively debate, which would be awesome)The link to 123flip above with the schedule for contractor payment works pretty well on small jobs (say, $35-40k or less)On large jobs, it's not very reasonable to expect a GC firm to carry 40% until the last nail is driven and 30% until the mid-point of a job.... unless they are charging you substantially for the carrying cost of their financing.