Respectfully I will say that with $70,000 you can not touch anything in this area.

@John Higgins With all due respect, you don't have a development deal, you have a speculation opportunity which to me is more about investor psychology.

(Respect to starting real estate agents because it's easier to say you want to do million dollar listings than it is to find people for you to list their million dollar house..... especially when your 21 ) I might re activate it when I get a couple of properties under my belt and start selling them so I don't have to pay someone else commission) Im debt free and my only real liabilities are a car note and my rent, which is dirt cheap.

Are these respectable returns.

Hey guys so i recently talked to a very well seasoned and respected investor in the washington DC maryland area about investing and he said he would recommend wholesaling and bird dogging (where its legal) as the best stratergies for newbie investors. he said he wouldn't recommend the buy and hold stratergy for newbies.

I have a fantastic relationship with my parents and we respect each others' space.

HI Diane,The below with respect to conventional Fannie/Freddie financing - First of all you cannot do a second home with 2 units only 1 unit condo/SFR/PUD etc.

Get those entities established, and start building their credit.Actually, you'll want to build a business entity structure for the best tax advantage, the best asset protection and for estate planning.The foundation of your structure is a revocable trust you set up with yourself as the beneficiary.Then, set up an S-Corp so the money which comes from your properties and deals can come to you using what's known as a salary / dividend split on a 1:2 ratio, respectively.

I know very well from your reputation that you are NOT a game player and I certainly respect that!

They are now worth $1.0M and $1.8M respectively (obviously there was some refinancing and expansion within the last 5 years).