Here's a free E-book for you at the end of this comment.

I don't think he was as 'smart' as he wanted us to think - I'm pretty sure he was trying to 'scare' us off since we were new - he kept making comments like - you have all your cash ready?

Does anyone have any comments on this?

Hope to do some more networking.I have snooped this board about a month and am impressed with all the solid and sound advice/comments the members are making.Allot of boards do not call out the "hypers'; I have seen this one do that and I love it.I have two REO/Short Sales under contract and finally going to build my portfolio as long term cash flow strategy.Thanks for the time talk to ya soon. keep up the good work.......Need a thoughtful quote at the bottom?????

Having said that, I don't understand your comment that "Leverage works only if the asset is appreciating."

Depending on what type of access you have to the MLS, look in the comments section.

Your comments are uncalled for, and add nothing to the conversation, so why do you make them?

I have a regular job with an annual income of ~60K and a credit score of 740 albeit of limited duration.My plan is to use the VA to finance, perhaps a duplex that will allow me to get my foot in the door to generate capital that will allow me to do it again, twice or thrice in a year or 2, until I have the capability to pay cash for distressed property.I have d/l'ed all the BP podcasts , purchased the " Book of estimating rehab costs & Book on flipping houses & Inspecting a house by Rex Cauadwell " per suggestions here.By this time next year I would like to be living the above plan and be well on my way to my 2nd property purchase.All comments or criticisms are welcome.

Comments per line item:Section 800 - Underwriting Fee - this is pretty high at $900, I am inclined to say this is put in as a place holder but the there are two fees inside of it, a processing fee (for the broker) and an underwriting fee (for the lender).

Absolutely, my comments above were limited to the conventional approach, we can certainly get creative.