Use the pictures you have from when it was last vacant and put ads on CL, Rentlinx, etc.

The success or failure of this type of investment is largely determined by WHO you are doing business with.In summary, I like the strategy but you have to do homework on the deal AND the sponsor, talk to references, obtain and verify track record information, and be prepared to NOT invest if things just aren't adding up.Good luck!

If you added a minus sign on the payment computation, you have to put it in the payment here, too, so the payment is negative and reduces the balance.

put the same color siding on it, the same bay window, etc.I see the ad on the MLS that the thing is listed for $25,000 and is listed for owner occupancy only by the city.

It added up to the number I originally told him.

I hope both of you are maxing out your 401ks and IRAs.Asking this because I don't know the answer:  If Maria's desire is to eventually leave her W-2 Job and become a Full-Time REI... would she not be better off paying the minimum "match" to her 401K, and adding nothing to her IRA? 

I'd recommend adding "New Orleans" so you'll be notified when people talk about your local area.Welcome Austin!

From Ned Carey's response I will add that mobile homes are most certainly added in the language for the Safe Act.

My name is Will,i do not have a background in real estate at all.Im from NYC in NY,im currently a student at 22 years of age.My Goals in real estate are as follows--Learn to invest properly a d learn the risks of investing in real estate-Obtain as much knowledge as i can from REAL investors on the site,EX:People who actually made it.

We started to help family out due to inability to sell their homes in this market and we have added quite a few other clients by word of mouth.