New to forums, new to this site (my only forum adventure), and new to pursuing any more knowledge with making money in real estate, which I hope to lead to profitable action.

I'm going to start out wholesaling/flippipng/ assigning...what ever it is in the hopes that I can soon have enough of a reserve to start purchasing and holding or rehabb and get bigger profits...anyone with any information is welcome!

Realtors are considered "experts" and they shouldn't be trying to negotiate preforeclosures because that might end up with you in court.Actually, a Realtor can negotiate preforeclosures, however, they must be totally upfront with the owner, i.e. that you intend to make a profit by reselling the property, which, of course, should be in writing.

For example, if you contact a preforeclosure you must disclose you are a licensed agent and that you want to purchase their property for a profit.

One accountant I had told me no, I would still have to pay based on the profits after the basis was calculated.

It may not add up monthly but profit on a yearly basis.

One thing for sure....there should be great opportunity to profit from the re-building that taking place in your great state.

he would be the money man how would i go about make a profit of it if hes the money man?

Do you build up your profits and save for another investment or do you pay down your debt on your loans that you have ?

Get enough comps to know it's a good opportunity.Second, figure out what needs to be done to the property to make it appealing, if you're going to flip it, and get an estimate on the work.Third, figure out what your margin of profit is on the deal.