Get a check from the refinancing for $50,000 and roll that into doing the same thing with another property.Now once the house is renovated and refinanced I figure rent being around $1,200 a month, $600 going towards cap ex. and the mortgage costing anywhere from $250-$400 per month and the property cash flowing anywhere from $200-$400 per month.Am I way out of my league with this or does this sound plausible if not common in real estate investing?

Down the road, I can see how this can have a huge impact for many investors who need the capital to keep rolling the funds into another projects. 

Free event covered by a few sponsors (I hope we get a few more so I'm not footing the whole bill, but I will if that's what it takes to get the ball rolling).You can RSVP here: http://www.meetup.com/real-estate-investing-club/I'm shopping a few locations in Katy, if anyone has any recommendations (to fit up to 200, adequate parking, and enough seats).

As long as you buy another property that is worth more than the one you are selling you can roll over all the proceeds into another property.  

Hey guys, I'm in the process of getting pre-approved for a mortgage and I'm strongly considering purchasing my first rental property in the Palmdale/Lancaster area...

I have been pre-approved for $100k already and have been searching for a great multifamily deal in North Newark area.  

HI @Earl LouisShort Sales are pre-foreclosure when you are negotiating with the bank on the borrowers behalf.REO's are post foreclosure after a property has gone to auction and no third party bid on it, so the bank takes ownership.Short sales are a hassle to do and usually are required by the lender to be listed.  

One option is do your survey, site plans and pre-submitted all conference then check to see where the market is at.

Most of the projects we do involve adding square footage, additional units, and zoning issues in pre-1940's houses in So Cal.

Pre-probate in foreclosure, 7 heirs, with 5 in Samoa?