This is quite risky though

There is enough information on wholesaling on BP to keep you busy for quite some time!

., and homes in the suburbs of Northern Virginia are quite pricey.

Due to this I've decided to work 3 more years, build up a sufficient bank roll then quit my job as a Carpenter & become a full-time Flipper.Of coarse I have tons to learn before embarking on this but I have all the enthusiasm and motivation in the world!

. $6500/200=$32.50 per hour....not bad, but not enough to quit the day job!

CAP= NOI/ValueNOI is expenses not including loan or mortgage.CAP=670/month(8040)/30000=26.8%If others are looking at caps in the 10-12% it looks like I will be making out quite well here.

Steve- My basis is I think 950k in the property- so In this market im not even sure its worth quite that- so I don't think I'd have to worry at all about a 1031 at this point...

David BeardIf you have quite a bit in the 401K, as you become aware of the broader investment universe outside of mutual funds, kind of makes you want to change jobs just to get your hands on the money!

I feel like I could get a head start taking the no-school option and since most people quit their jobs to do real estate investing full time eventually what's the point?

I've heard it is a classic book but since it is out of print they are all quite expensive!