@Jason Sterlingwhen you purchase a rehab foreclosure be sure you place a lot of back into the property ie...money for what you missed/elect ,plumbing, gas piping, AC repairswhat happened on mine was that there was no title- the county had to make a new title for the property it had been sold so many times in the previous refi process, that is how it went to auctionas long as the arv is suitable for the area and you can get it for a deal then it would be a good buy if the rents are not going to make it work then flip it for a small profitget another set of eyes on the property to help you analyze the property maybe look at a cut sheet from one of the forms on BP what your looking for and what is a tear out or a repair-ie most sheetrock damage is a repair unless water damaged then it is a tear out, flooring if it squeaks you can fix that with a nice box of screws, if it has dry rot then it is tear outnetwork with someone in your area maybe a GC to do a walk throughenjoy

Thank you for the kind words - at 75 years old now - I remember years ago when this I became motivated to invest in real estate (really -  my motivation was to make money and quick my low paying job)  I use to take every class and seminar on real estate investing and would read as much as I could all the time about real estate investing -  that is when I was 21 years old, some of the information was junk (seminars leaders trying to make money selling courses and useless information)  and some were really great, but at the time I didn't know what I didn't know, I finally got the nerve and courage to go out and try some of those crazy formulas they were talking about - and guess what - some of those far out creative financing techniques started to work for me - it was really scary because I started to make money - more money than I ever thought was possible with my limited formal education back than, I discovered I made more money than the president of the company I worked for - needless to say - I quit that job and devoted more time to making offers and collecting those large assignment fees - now even today at my age I continue to make offers - at this time the offers have lots of zeros in them ---- so all that good and useless education  paid off.You best teacher is the market - get out there and make offers, look at 50 houses - but don't make offers on those properties until you find the one deal that is absolute right for the profit making - just keep good records - listen to the sellers, do your comps, learn how to write "skinny contract offers", practice "Control and Roll" principals of controlling real estate with no money and assign your contracts using accelerated sales methods. 

I have already filed Form 2553 with IRS for electing to be S-Corp

Hi all,I'm having a major issue with my HOA president, who did not know what CCRs were, and who balked at providing me, a tenant of my condo for 17 years, of the financials.  

S-Corp is a tax election and I was told it really didn't make sense for my 2 partners and I off the jump as we would need to be turning a profit worthy of splitting 3 ways (at least 120k he said) that would justify looking like a reasonable salary.

My realtor didn’t go to college, he started out at age 18 as a bank teller for a large bank in Boston and retired at age 45 a senior Vice President for the same bank.

The buyer knows very little cash flow to start BUT they are hoping for interest rates to fall in 18 to 24 months when election gets closer and 1031 out to another property or refi with rental increases and make a bigger spread between debt and cap rate.Most brokers including myself feel more February to March of next year more of the 1031 money will dry up leaving all cash buyers or regular buyers using debt in the market.

I own a house in upstate NewYork I am planning on selling it in summer, it could sell for 140k , I found a turnkey real estate investing called MORRIS INVEST , I talked to the president of the company he told me he could get me a duplex in Jacksonville fl anywhere from 60k to 70k , and he told me it could produce  a 650$ of cash flow per side, which I believe its true because rents there are about 850$ a month and the taxes are cheap there , I am planning on buying one from him, rent one side and live in the other one , then later on if I see great cash flow coming in ,  i will buy another one from him .

They will craft language that should be backed by president and/or case law. 

Equity Real Estate - Premier Elite Branch.He happens to be the President of the Salt Lake Real Estate Investors Association.Heart of a teacher.Trevor