The median price for Austin-area homes was $219,530, which is 10 percent more than the same month in 2012.Cathy Coneway, 2013 President of the Austin Board of REALTORS­®, explained, “With strong activity across all segments of the market, the Austin-area housing market has been full steam ahead through the holidays and the rest of the year, Our city’s population and job growth show no signs of slowing down, so 2014 will likely be another competitive year for Austin real estate.”In November 2013, inventory remained at a historically low level of 2.3 months, which is more than half of a month less than November 2012.

Instead of doing things through my mortgage company the contractor and I partnered.The Realtor brought deals that were basically listed that need repairs or new business.We used a future advance demand note and a construction contract.A few deals we partnered with the seller, obtaining a SWD for a half interest, and special power of attorney to sell, makes life easier with out of town owners.

However, I was unable to form a business before I was 18 due to laws in Michigan, and did not record any taxes for the first year and a half.

One lady said the gas was cut with her half-cooked turkey in the oven.

I legitimately take on a partner that I sell half of the company to.

This would be my first real estate purchase ever.The property is vacant, its bank owned and on the market for 180k (which is about half the cost of a normal 4plex in my area).

Purchase price of land and half constructed home 200k.Rehab cost to complete project and get it ready for rental 100k.

The 'family lender' who then had the cash in hand turns around lent that to the partnership of the three of us to help purchase more rentals (it is a second position Note that is about half of the 20% down payment.

My in-laws can't buy him out right now, so my husband and I are thinking about taking over that partner's half.

I am half way on my review of the Beginners guide and I feel like I have learned a ton about Real Estate Investing.Thanks Aaron.