That seems to work, but that is really a good rule for someone with a full time job who wants to pick up a rental or two on the side and fart around on the weekends doing the maintenance themselves.

Although I live and work in NYC, I travel to Philly every weekend to spend time with my girlfriend and friends.

Actively looking for an investor friendly title company and mobile notary.

If you don’t have an active deal to share with them, then tell them you come across properties from time to time that need work and have a good deal of equity and wanted to see who they know that would be interested in a property like that.3.Hard Money Lenders – Hard money lenders will have a huge buyers list to share your deal with.

Get rid of big car loan payments, etc)We have a lot of active and seasoned investors in Colorado.

I am active duty in the US Air Force and have owned two rental properties in the Dayton, OH area since 2008.I first started learning real estate in 2007, shortly after attending various guru courses (namely Rich Dad/Wealth Intelligence Academy courses).

I want to be able to reach my manager within at least 24-48 hours (obviously weekends excluded unless emergency), be able to rent out my place in a decent timeframe, knows the market, experienced, sends me monthly statements in a timely manner, has a good business history/references and does not try to overcharge for repairs or nickle and dime me (administrative fees, filing fee, rent deposit fee) and so on.

Your partner deferring payment until the prop sells is perfectly fine and makes sense to mitigate the risk of running out of money (which would necessitate borrowing from a party that is not disqualified, or selling project "as is", likely at a loss).If you had personal cash, you could also partner with your IRA on the front end of the deal (take title in both names), at a predefined % split.Be aware that flipping profits in IRA accounts are potentially subject to the stiff UBIT tax, based on "intent" to flip, which would be determined by the facts of a given case, as well as pattern of activity.

Welcome Raden, good decision on getting active on the forums, you will learn a lot more.

I'm currently inactive looking to go active.