This will be my first "quick flip", and my initial thought is that there's not enough profit to justify it many times... but just to get my feet wet, I'm going for it.I'll apologize in advance for not knowing the proper lingo, abbreviations, acronyms, or even the right way to describe a deal... like I said, I'm new here :DThe house is owned by an acquaintance of a friend, and the friend happens to be a realtor who is killing it in my market.

So what was involved ...........First was to clean up about 6 tons of snotty wet clay and sand  more than half was wet clay .

I have a huge list of mailers to send out eventually based on driving for dollars in those areas, but I want to get my feet wet talking to motivated sellers before I commit to a large marketing campaign.I've seen a lot of construction projects in progress in those markets, specifically, in Audobon.

If the bank finds out you are not living there, they can get you for fraud because it is illegal.It's not just the interest rate, but it is also the deposit - you need to put down 20% for investment property; with a primary residence it's only 4-5%If you really want it, open your wallet, your 401k or your savings account, cough up 20% and pay the 4.5% instead of the 5% down and the 3% interest rate.Sorry

I’m leaning more toward MF because my wife and I can live there as well while paying a reduced mortgage, and get our feet wet in Real Estate!

I wanted to get my foot wet on REI How did you find this deal and how did you negotiate it?

Help - trying to jump in but scared to get my feet wet.

Just trying to get my feet wet in investing.

I rented my property out to a tenant 1 yr ago and throughout the yr it was just nothing about nagging about minor issues that he is the one that caused all the issues, 1st was a clogged toilet twice from them flushing down paper towel and wet wipes (my mistake for not making him pay for it upfront, he agreed to take it out of security) after clarifying to them no paper towel and wipes in toilet, we never had any issues since.

I truly think buying even one property would be a good start where you can get your feet wet and learn about things that will inevitably come up, but you haven't worked through yet.