What kind of licensing does Texas require?

If the muni is aware of property with broken glass or mold or broken stairs or any kind of problem that could cause injury, they have to call it out in order to protect themselves in case of a lawsuit.

My second flip has kind of been a nightmare, I have had 2 contractors walk out on me, but for the most part I have been only purchasing materials, dealing with the contractors....lets say 5-10 hours a week...I probably have 120 hours in that one and we stand to make $15,000...$7500/120=$62.50 per hourMy 3rd flip I hired a contractor I can trust and that I don't have to baby sit...I really only go over to the house 3 times a week for about 30 minutes...I have had to make 4 runs to Lowes to buy bulk orders, but that has been about it...we should make around $25k on this house and I bet I will have 60 hours in management time...$12,500/60=$200 per hour...

You can use the deal making sessions to figure out which areas these investors are investing in, see what kind of returns they are looking for, and see who the best wholesalers and investors in the area are.

By selling and moving your equity into a different market or area you can create more value for yourself again with your cash.You need to take your comparable sales and then deduct your selling costs minus loan payoff and 1031 costs to see what kind of cash you would have to put into one or more other properties.

If you have not already please start learning as much as you can about your market and what kind of deals investors are looking for.

It's always good to verify the rules with your company's plan administrator, as they can vary.If you have quite a bit in the 401K, as you become aware of the broader investment universe outside of mutual funds, kind of makes you want to change jobs just to get your hands on the money!

Can you do some very interesting REI with that kind of money coming in?

I don't know if these kinds of deals are common.

Not sure about Aina Nalu though.Anyway, a rough estimate with self managed (which I have seen many mainlanders do) its going to be the $21,450 gross, minus 877.96 for tax, $6,110 maintenance fees/HOA, $12, 454 in mortgage, $400 online vacation rental booking fee, and you end up in the black with positive $1,608.04.Also, a scary number I noticed on Zillow the other day was that home prices will rise a projected 22% on Maui next year.I bit concerning to see that kind of spike.I work in Hotel and Restaurant Management business and so does my father who happens to be in the same room at the moment (he works in a separate resort).In 2009 both resorts were in the 50% occupancy range.