I am extremely experienced with short sales and when done morally and ethically, they can be an effective method.

From a moral point of view, I'd want to know that before I assisted someone in that manner, did they breach the agreement, are they in the wrong here or did the husband mess up.

The assumption that any judgment or bureaucratic decision is morally valid is simply not realistic.

Since spending the last 6 months building contacts and knowing what certain investors are looking for that should boost my knowledge on what makes a good investment property.Still would be taking profits from all and putting them in the bank, building available cash flow for future investments.1 to 3 year plan:With the contacts that I have met either through learning, investing, partnering with etc, I would begin to assemble a small team of like minded individuals.Would still continue to wholesale in my target areas.Continue to build bank account.Put first house on market within one year of purchase, begin looking for another fixer upper to invest in.Between my 3 and 4th year I would like to buy my first rental property.

While you don't get the tax advantages, finding a a cash-flow property to boost your retirement is a popular strategy and I have not heard anyone say anything negative about it.

Short version is just the moral of the story: "don't chase marginal deals as a wholesaler, even if it's your first one"The 2nd lead I got from CL was a REAL one...and a GREAT one.

Made a tidy profit, and got into multi-family.Your savings plan looks good, but you may want to get your house appraised when it's done and see if you can get a line of credit against it to boost your investment capital.

I want the full suite of returns on my investment properties (i.e. rental profits + principal paydown + appreciation + tax benefits) and I think a balance of bread and butter properties with some low priced stuff to boost net income is a good fit for me.A good example is what I just did the past 3 months.I closed on a house 3/2 at about 1350 sq ft for 35k.

That’s the question on the mind of every homeowner or investor who's thinking about undertaking a project to boost their home's resale value.If your current home is not a home you plan on staying in forever then only invest your money into projects that could give you a decent return on your money when you go to sell.

If that works out that general vicinity may see a nice boost, but in order for the retail part of that project to succeed it has to draw shoppers, and the base to pull from in that immediate area is pretty weak.