I too am looking to get into real estate full time, within the next 5 years.You may find these two resources helpful in achieving your goals:The Book on Flipping HousesThe 50% Rule: How to Quickly Analyze a Multifamily Investment PropertyHope that helps.

There are many options to consider to achieve success and to building wealth.Do this correctly and what the taxman was hoping to collect will pay for your children's college or your retirement or ...Spend as much as you can because financing is cheap is the same path Detroit chose.Much has been written over the decades of a wise investment of income.

best of luck achieving your goals

Personally I don't like it but it helps achieve my goals.

Many of the older buildings here (Second Empire, Georgian, Victorian) are ballon framed and spray foam is {arguably} the most cost efficient way to achieve air sealing of these structures.

No matter what the appraisal may say, your real objective is to achieve a positive cash flow and an acceptable overall rate of return for the entire holding period, so your price and terms should be structured to achieve those goals.

I would love to be financially independent and work for just myself someday, and I see real estate as one potential investment vehicle to help me achieve this goal.I currently rent the property where I live in Durango, and between my girlfriend and I, we pay $950 per month in rent....for a 1 bedroom condo...Yikes!

They wouldn't be considered rich or wealthy by most people.If your underlying point here is not to argue over the meanings of these terms but to illustrate that accumulating assets is the key to achieving what's often called "financial freedom", then I fully agree.

So you want numerous backstops to prevent the fire sale of a property.You should also seek to constantly improve your own bank lending profile by maximizing your credit score, managing the rental income reported on your tax return to achieve the best possible debt ratios, and keeping detailed documentation of your investing success.

It is not really clear how they are trying to structure this in order to achieve retaining half of the interest and passing through the other half to a Buyer of the note.