She does not see it as a potential incoming producing property, just as her home.

How can you create a Solo 401k without having a company that's producing income and paying you a salary?

Real estate agents are the cheapest member on your team and the key is to find a top producer that is very knowledgeable of the local market and investor friendly.

Thank you for all the info.I'm also new to Real Estate investing and I'm about to buy my first rental property.I have not formed an LLC yet, but I'm thinking about forming one prior to purchasing my first income producing rental property.My goal is to generate revenue only from rental properties, and to be the only owner of the properties - Single member LLC.So in this case should I open an LLC and just be considered a "disregarded entity" by the IRS?

There is this constant cloud over me that I had better be producing more that I cost this company.

I was very happy with the income I produced from wholesaling last year and look forward to more success this year with wholesaling and also expanding into more areas of investing as well.

Also, again depending on your state laws and policies, if you win at auction you will have a very short time to produce 100% of your bid.

That is about half a million dollars produced from a condo.

Wholesaling, in particular because it seems like it requires very little to get started and can easily produce a big paycheck.

I feel that my current marketing strategy is not producing enough calls to justify the effort, so I need to reevaluate and try to figure out how to get my phone ringing.Vikki, just as Andrew O. suggested, I am going to open houses in order to learn the market.