You need to close about 20 or 25 deals so that you really understand the RE business before striking off losing a job you've had that long.

I also made a goal to sell 10 homes in my first year which I easily surpassed.

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Older people who bounce around a bit, with good reason (liars always have a good story), can easily fly under the radar with this unless you check court records.

I took my test and passed easily 3 weeks after I finished his course.

I've bought them at lower percentages than that.Let's just see about some that I can easily remember (I may be off two or three grand in my memory here or there):47, listed for 7518, listed for 49 (or was it 51?)

We were able to get that one notarized 7 states away and back in time and literally closed on the final day before the buyers were going to lose financing.All in all the hardest part of the flip was getting this notary piece accomplished but now that we learned our lesson on that we should have no problems for the next deal that we find.PS. when I started the flip I was living in Qatar and have since moved to Kuwait had a baby started a new job and stood up an entire new operation for work in a country that we have never done business for.

You lose the depreciation write-off.....

@Ceasar Blackman: Well my goal is to do at least one flip this year and not lose any money.

If those don't work out, maybe you could buy it with the FHA 203k under the pretenses of reducing it to a 4plex... and maybe you can plan that out in a way that could easily be reconverted if you wish.Just a few thoughts.