Im looking into a lot of these programs that offer materials that are apparently step by step to get you started but im not too sure what to think about something being that direct...Others have told me to just pull as much free info off BP that i can before i pay for anything so that's what I am doin at the moment...if anyone has any advice on how "you" got started, or just anything that comes to the top of your mind that you might have wanted to have shared with you back when you began, then feel free to share...i would really appreciate it...anyways BP it was nice to intro myself looking forward to all the networking and learning this forum looks like it has to offer....talk to you laterScott Smith

At the moment its enforced by the State in relation to multi-family dwellings...My State does not have the manpower to enforce it currently on single, two and three families-they will though as it is a potential added revenue stream.

ARV: 110kInitial Purchase: 73kRehab costs: 10k4.5%, 30 yr, 5% down NoteSFR, 3 bed/2.5 bath/1650sf, 2000 modelI am a Realtor and will collect 3% on front and back end.Closing costs will be paid by seller in initial purchase.I think that's enough info, in a hurry at the moment....I foresee about a 15k profit relatively easily....Am I missing anything?

I have not used a CPA in the past, but I am making some major changes at the moment due to this move as well as planning to grow my portfolio some more.

At the moment I am bringing in $200 a month more in rent than my mortgage, taxes, and insurance.

Because until I have a contract, I am wasting my time and money because they could flake at any moment or get another offer and forget about even meeting you and make a deal with someone else.

They probably wouldn't foreclose at the moment, but you should work toward having the ability to refinance and pay off the existing loan.

There is never a dull moment in this business.

thanks guys..i think i would market it as a sunroom/mud room...it seems like the easiest thing to do is frame it up, insulate it and call it a day..make the house bigger too..thanks for yall's help..btw the water heater is in the kitchen at the moment, but i would move that to this mudroom

Newbie from San Fernando Valley,Cali.Hi, I was/am a musician but the Arts are just not paying all that well at the moment (for most)...so..I had to make some choices awhile back..I have a girl I love who has stuck by me through enough tough times...and we both deserve better..so for the past cpl yrs I've been learning the REI theories/practices so to speak(very interesting cpl yrs to be learing REI)..and now..it's time to get practical..