I would narrow my criteria, are you going to target pre-foreclosures with high equity, absentee owners, probate, tax delinquent owners, as in any business system there is a chain of steps, and if you aren’t getting you’re desired outcome, work your back in the chain.

I personally have basic knowledge and a desire to take action and get started.

I am off to go find my next deal.

Rates are expected to go up which I believe is a fair assessment of the future.

A broker gave me an idea to go to school for getting my license.

Buyer 2 comes in and has zero sense of the state of the economy, works at a highly leveraged junk start up that is about to go lehman.

Now if you do it long enough, that will happen, but you want to avoid that by having enough spread to cover the downside risks.As J stated, a 15% of ARV profit is a good minimum to go off of and anything above that will be your gravy.

Those rules aren't the best guidelines to go off of in Portland.

I think $1,000/month cashflow on a $600k unit could be great, but you have a long way to go to get there.

I am supposed to go talk to a real estate company about getting license but, I’m not sure this is the right time.