Alright, I have heard of all these deals where you can buy a 100k house for 5k out of pocket and the 100k house already has 30k equity and such.

Thank you for pointing that out.By the way, my 30k came from an online business I had for a year, and I feel the pain of putting down 20% on my house, but it enables me to live close to campus for free and put a little extra cash in my pocket at the same time.Now I am just looking for creative ways to make money in real estate and avoid those 8 dollar an hour jobs.thank you for your response!

Some of these bills are monthly, others are quarterly; but, it can go quite a while longer before you, as the owner, know there has been a delinquency of payments when the bills are sent directly to the tenant and it is their legal duty, as per the lease, to pay.We have already discussed throughout Bigger Pockets how difficult it is to get blood (money) from the stone that is a deadbeat tenant, even with a judicial judgment against them.

At worst they're inflating the value of the property and pocketing a nice chunk of change right up front.

Go here on Bigger Pockets... http://www.biggerpockets.com/real-estate-investment-clubs.htmlYou can look up clubs in your area.

(minus the sales pitch) I value Bigger pockets because It is hard in this day and age to find a group of people come together and share ideas and information without a hidden agenda.

The reason is they can get into the property with very little out of their pocket and then refinance of the purchase loans as mentioned above.There are plent of sources for financing on this forum so you should havent a problem.

So, how does one become a Moderator for Bigger Pockets?

Hey Loc, Welcome to Bigger Pockets!

So does this mean if i had a property that was worth 100k i hold it for 2 years and its appraised at 110k do i go refinance and just pocket the money ?