I have great creditLimited liquid cash as of todayI have some credit cards to play withI have a solid network to possibly leverage other people's money

This is the info I'm looking for, telling who's allowed to play in this game.REO, means Real Estate Owned (bank owned).

Once you answer those questions, it should help with your decision but a lot of factors come into play.

The housing bubble busted him too for speculating.My goal in real estate is to get out of the rat race and become financially free in 15 years.Last but not least, I found bigger pockets googling for a website that I could share my excitement of investing in real estate and learn from the people playing the game I would like to win in.

You can do some of the work yourself and save some money but if contractors tell you it's going to take $40k then it's probably not the right play.

I've seen this play out and it's always the same outcome.

@Ariel Echevarria When making offers on listed properties and getting them accepted you're going to play by the Realtors rules..Most likely your states realtor's contract will have a non assignable clause.

It boiled down to looking at it for the long term play, not the holy crap 4.5% fee that goes through your head initially.I guess in this case it really doesn't make sense to pay such a big fee if you can get a 20% down deal.

I plan to do that until I have a large enough nest egg that I am comfortable not setting aside more money.My ideal property is a multi-unit with all separate utilities.

On the other hand, just because someone read about this in some guru course somewhere, and filed one, if their contract was dead and they were playing games, I'd have no issue quashing it, and probably making them sorry they filed it.