Since I've been to the seminar, I've now seen foreclosures on websites tauting prices of a few thousand dollars, heard about short sales and REO's and I don't know what I need to learn or know before being able to capitalize on those deals or if I'm even comprehending what I'm seeing properly.I talked to a guy local to me that offered to help me get started in investing but it became apparent to me that he was well seasoned in property rentals but really didn't know much about the other ways of making money in Real Estate which I'm MOST interested in for now.Any help or pointing me in the right direction is appreciated.Thanks!

Banks are Capital STARVED!!!

I'll be wholesaling until i get a capital up for putting up down payments, then i'll figure out what to do next.

In Canada, you only have to claim that property as your prime residence one year on property taxes so when you sell the home you don't pay capital gain taxes.

This seems to be a great information site and would like to thank everyone for their generous input.Christopher A CoxInternational Lending ExecutiveSmall Business Capital, LLC

As long as there is cashflow now when the market comes back you get capital appreciation.

"Bad debt" buys stuff/junk that either incurs meaningless debt service or is "wasted" from a financial independence perspective.If you buy some income-producing property where the annual loan constant times the LTV is less than the capitalization rate you will get positive cash flow.

Antowar,You are missing a BUNCH of the expenses; such as vacancy, management, maintenance, advertising, utilities paid by landlord (at least during vacancies), legal fees, evictions, capital expenses, etc, etc, etc.

If banks continue on this path of restraining business access to capital and credit, companies cannot grow, expand and hire, putting additional strains on the economy.

Obviously it has to be a $ maker on top of green....Of course you'll spend a lot more on an full-tilt green rehab....but you can offset some costs by reusing some materials (the greenest practice of all) as well as charging more rent because of lower utilities and the appeal to a certain clientele...I also thought that there might be some political capital involved in rehabbing green...maybe even grants or sponsors....