Not necessarily - your own fears can be a handy tool when properly channeled.

A proper IB is much more than just a trading desk.FX is an option but not likely to be a great one.I like the suggestions where you would start a career in something related to RE so you are closer to the direction that is your passion.John Corey

If you borrow money from me and then loan it to Jim with a deed of trust and you assign that to me as collateral...or make the loan in my name and do the loan functions, you are brokering and if you are not have the proper license, the loan you created was originated illegally and can be found to be unenforceable for the collection of the debt created.

I have heard that I should look for private investors who will loan out private funds for about 8% ... is there a thread in the forum that discusses the proper way to find and approach such private investors?

Remember, it's not what happens to you, but how you react to it.

Good tenants come from properly screening applicants by checking their credit, criminal and eviction history.Please, please listen to some of the real estate vets on this forum like Mike and All Cash.

I was able to buy 19 lots in Arkansas and sold them for a total of $20,000.All it takes is the proper combination of education, money and being at the right place at the right time.

>>>>>The proper way to insure the property, once you (or your entity) own it, is to have a non-owner occupied "landlord" policy, with you as the new first named insured.

If your numbers are correct I would start around $135,750 and see how they react.

Either way, once you find a candidate property, you'll want to do a proper cash flow analysis.