The closing costs between the 2 props is close to $18k (out of pocket) so I was hoping to realize that back a little sooner than adding to property basis, but I understand.Turbotax also asks if you have purchased a house in the last year, but I wasn't sure about the rules for REI.

After looking at the appraisal I realized that the appraiser used three comps that were over a mile away They weren't even in the same zip code.

Appraising is harder to get into too, hours are required under an appraiser need to be fulfilled before you're on your own.I'd say agents can make more faster.Best to talk to local appraisers and agents if you want to train in either, you could be an agent and then move to appraising, a natural progression.As to investing, an appraiser has an edge, you do realize that RE school for agents is usually the first part of the appraisal avenue.....:)

The guy is extremely unrealistic and will have trouble selling this property, especially since him and his wife are moving out of state soon, I believe he will realize this quickly.

While I am tweaking it and getting it ready to sell, I have come to realize I don’t know how to market it.

:) after re-reading I realized I don't need to have someone show the house to the tenant the seller can do that on his own.

I've always been interested in becoming financially successful - and after an undergraduate, and masters degree - I realize my best opportunity is NOT in corporate America :) I've always been a reader on finance, investing, real estate - so this is a match made in heaven.I'm going to be buying my first home in the next 12 months - so I'm hoping I can make a wise decision that could also double as an investment now, or down the road.

Good afternoon BP family,Im working on my website and realized i need a business number or 1800 voicemail.

I sort of fell into real estate when I bought my first house in 2005 at 22 in Baltimore, moved 2 years later down here to NOVA and then realized I hated renting and bought a 2nd house down here.

I stopped when I realized the hedge funds were buying a lot of the properties for much more than I was willing to pay.Also, only half of the properties were really auctioned.