Maybe he doesn't put himself in a position to lose 20k by investing in higher end neighborhoods.Personally I am one of the newbies that you talk about and didn't find your post inspirational or motivational if that was your intention.

The house is musty and she and her daughter have been ill since they've lived there.

you will need a private money second or a money partner.Things to watch out for: Only use a reputable lender, watch out for all the fees (appraisal, loan app fee, processing fee, notary fee, points, etc), be careful of those who may promise one thing but have more intention or ability to perform on it (over promise, under deliver), and make sure you fully understand all the docs you are signing.

I'm not sure if the intention was to actually help or rub my face in it, but thank you for the replies nonetheless.Yes I married someone that lied to me.  

Nonetheless, it is usually a good idea to review your Will periodically to confirm that your current intentions and circumstances still match your Will.You may decide to set up a revocable trust, in which you can transfer your properties (or entity interests if your properties are held in an entity) during lifetime.  

If they are going to foreclosure the borrower probably has not given notice of the intent to redeem, you can call the Trustee/Lender and ask about the status.  

If you own the property with the intent to flip it, then you will pay capital gains taxes.

or economists, or BPers claiming to have the crystal ball, have acknowledged their failure to accurately predict the future or, in the cases of irresponsible journalists and economists, lost their jobs.But on the flip side a lot of people WERE pressured into an otherwise ill-advised real estate purchase or (in retrospect) poorly timed refinance.Funny how that works, innit? 

Thank you for the advice, very helpful and I have every intention to use an llc on my properties, I do have a strategy I want to try but I'm unsure of the details I'll write it in another post, please feel free to nitpick and tell me how dumb I sound

This category of liquid used to be called grey water, and is described as having a level of contaminates that may cause illness or discomfort if ingested.