I am looking for information to help me learn about buying homes from online auctions.

I've found that online reviews are almost always going to be skewed very negatively.

However, when I check craigslist, individual rooms are going for $450-600.

I’d like to get to know some like minded local individuals who are also interested in upgrading the circle of people around them.

Here are two quick and dirty ways: for the lowest interest rate get a HELOC on your home.Since it's a 5 unit you're facing commercial rates and are playing in the big leagues of financing which means you need a seasoned entity combined with personal guarantee for the lowest possible interest rate.You can buy a seasoned entity online (make sure it's in the same state) that has a 80 or higher credit score, move the entity to the property address, change all the credit lines to the new address, transfer the property into it, and get your credit score to 720+.Apply for a commercial loan if you don't want to go the HELOC route.

Then use this as a basis for financing, and run the numbers yourself online with a mortgage calculator.Then of other expenses, talk to other investors in your area, get a sense of what they spend managing properties.

the county records list the owner as an individual.

I would market them all as individual sales, and maybe you get someone to buy them all.Go to your local REIA and get business cards and talk about the deals you have.Good luck!

I want to take courses online and am looking for a company that offers up-to-date interactive online content and well written material.

I have not yet done a deal on my own but I am looking to purchase my first property within the next couple of months.So my question is, if I am planning to purchase properties, rent them out and collect cash flow for the long term, would it be more beneficial for me to form an LLC and then purchase my first property or purchase the property as an individual then transfer the property to an LLC down the road?