On the other hand, someone with absolutely no experience probably does need some help on these and other issues and therefore should hire an accountant and/or lawyer to help him get started.I would not recommend a financial planner as most financial planners don't have expertise in real estate and most financial planners are not very successful on their own.

On the one hand i have a guy that will be better for the country and on the other I have a guy that will inadvertently be better for my business.The guy that would be better for MY business won.

Actually, there wer several members who were out of hand, and as a result, we had to remove the discussion.I hope to have the thread up once again after removing all the unacceptable posts within it.

I made my 1st purchase in 2004 as my personal home but am now interested in renting it out and continuing to get my hands on a few more properties.

Hand out your business cards that say such!

Regardless if it's 100% true or not, I'm wondering if banks would be willing to accept less for REOs if an investor can close the deal by the end of the year and the bank can report cash on hand and 1 less REO?

Bearing in mind my limited hands-on knowledge at the moment, I feel that I'm gravitating towards wholesaling and bird dogging right now.

I had heard of using a darker dye to make the carpet more functional for a rental, I have googled it, but am looking for some first hand experiences.Thanks in Advance, this site is amazing so far!

My guess is that the property you describe will never again in my lifetime (I'll be 50 soon) trade hands at that price.I know how to invest in that environment, but I've never figured out how to short sell houses.All that said, there are many places that didn't see the dramatic increases, and so don't have as far to fall.

Being an old hand at this game in Europe I have entered a world that has so many abbreviations and words that I have no idea as to what context they are meant for.