Either way you will be learning a ton here and just remember that what separates the "investors" from the INVESTORS is execution.

If you hold for a year, your money is tied up and you might have to pass on another deal, thus forgoing additional profit, plus you're paying a loan payment (which is mostly interest.)Additionally, you might be able to execute a 1031 exchange which would render your tax worries a mute point.

A fully executed purchase and sale agreement outside of 37 days before the sale will for sure put the sale on hold but anything short of that, is up to the lender.

When I had had enough I was first in line for a great position and had many top executives behind me but Corporate had passed a new thing, BA required for the post.

Negative cash flow is the definition of "it doesn't work".3 - Look for the opportunities in that market.4 - Find your "exit strategies"...your buyers, tenants, etc...5 - Analyze properties that match your "exits"6 - Execute your business plan.

The seller refuses to either 1) make repairs previously specified in the executed contract or 2) Contribute 50% of the estimated cost for those repairs.  

Almost all his savings were wiped out.This included money for his family, two schoolgoing children and holiday plans.Mr Kenneth Ng, 43, never imagined himself to be a real estate investor, but after listening to a speaker at a property seminar, he invested almost all of his $80,000 savings.The supply chain executive, who earns $8,000 a month, bought a "fixer-upper" in the US city of Memphis for US$55,000 (S$74,500).A fixer-upper is real estate slang for a property that needs maintenance work, such as redecoration, reconstruction or redesign, before it can be lived in.That was in 2013.Mr Ng never got the promised returns.The property guru who made the sales pitch?

I buy a duplex in need of work, manage the property for a couple of years while saving for renovations from both from the operating income and personal savings, then after two years, dump my savings into fixing the place up, raise rents, and put the property on the market to execute my exit strategy.

My exposure with real estate in my current position is but not limited to, initial site searches, site selection, RFP's, LOI's and lease negotiation through execution.

Hi @Jerry Padilla - SCORE.org is the "Service Corps of Retired Executives" and is a legit, non-profit offering small business/entrepreneurship guidance, classes, assistance all over the country.