There are expenses to cover in RE,rarely do you walk up, get a contract and assign it with nothing in it, but I have and you can, but it will take some time learning the ropes.Another good way is to partner with someone and put some sweet equity in your deal and share in the profits.

No, I'm sure it wasn't a typo because I tried it several times and fortunately Ed O. is short ant sweet. @Ed

The 50% rule should be applied to theoretical gross rents, so include what your place would rent for in the 50% expenses.An $80,000 property that rents for $2,000 is a pretty sweet deal, I would guess it's in a rough area or rough condition.

I can’t tell where in CA you are Chelsy, but paying $160k for a $280k-$320k plus $35k in repairs is quite typical and the sweet spot now for REO’s in my area.

I hadn't paid this guy a dime for this second roof and he was taking his sweet old time finishing it.

The deal itself is always a factor and if the deal is sweet enough, you can be a moron and it won't matter to the lender.

Once I do I'm leaving this ship and spend your hard working money on women,wine and more women and wine.

It may be an easy way to accumulate equity in your first house along with getting a sweet loan deal.

Sweet!

Short and sweet.