I am sure you are right that our money will be primarily from people in my immediate network to start. 

Ten acres in Texas with a mobile home to start is a smart way to get your foot in the door while planning for your dream home. 

What I recommend people do is tell the lender ok great I am going to want to use my own title company to close this so funds would go to them.

Hey all, as the title states I'm brand new to the real estate game and I'm looking to find people in the area who are willing to loosely guide/teach me how to wholesale/flip properties.Are there any networking events in the area I'd be able to connect with?

Many people buy a house with a FHA loan and then turn it into a rental but it doesn't mean it's always allowed.

So they would first payoff the first mortgage, if there is a second then $ goes to the second and if anything above that goes to any other lienholders or the homeowner.There are a lot of people who invest in 2nd mortgages because they are cheaper than a first, but in Ohio (not sure all counties) you have to pay off the first at foreclosure so if you do not have the money to pay off the first you are out of luck. 

I love doing these types of deals—not only because most people avoid them, but also because it’s rewarding to help sellers in these situations.

This is the fork where I'm not sure if I'd be good to get some CRE exp and invest in learning about how to review deals for the next 2-3 years, or focus on generating revenue for investment purposes and watch how things are done as a LP.My personality more aligns with networking, reaching out to people, connecting, navigating difficult situations and finding solutions that work.

This is a great place to learn and to connect with people so take advantage of all the great resources.

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.