I work in construction industry as a multi family housing project manager in San Jose area.I want to start investing in Real Estate and wanted to get educated first.

So for example, a taxpayer that lost timberland property used for logging could not replace that property with a parking lot and qualify for non-recognition under Section 1033.Property that has been condemned enjoys more liberal treatment, and instead of being judged by the “similar or related in use” standard, is determined by expansive definition of like-kind similar to that of Section 1031.

With more stringent banking standards imposed by the international regulatory body, the Basel III, many industry insiders say, “No way!”

In another words, you won't get any special treatment just because the bank owns the current loan (and you won't get worse treatment either).

In my opinion the first question you might want to ask yourself is what about RE interests you or are you looking for a high-level overview of the industry and opportunities that exist?

I think a smaller, steady stream of cash makes more sense for me, and ultimately should require a significantly less time (managing) than flipping would.My company owns a 7 unit industrial property, and I manage a 10 unit commercial property so I am somewhat familiar with the overall landlord role.

I used to use a product that would be suitable for the food industry or healthcare industry but found that it doesn't always work with the infestations that you would find in a long-time vacant property.I have since been using a product called Termidor(no relation to them in any way) and have been very satisfied with it.

I have background and network in construction industry and can help you with rehab or minor repairs with your property as well.

There is no magic in this industry nor is there really any 'new' secret formula that anyone can have.

I currently work full time in the Oil and Gas industry, but with my schedule I am off about 6 months out of the year.