I'm just starting out and i was wondering if their is a way to show that i have 25,000 in assets or anything else i can do to make the lender happy.Thank you,Shawn

If nothing else at least I will get out of the city, I need the change.

I have been sitting here reading as much as I can and found this - for anyone else who may be interested in this thread/subject:http://www.biggerpockets.com/renewsblog/2006/03/15/assembling-your-real-estate-investing-team/It was listed in another similiar thread.:)

There are good deals just like everywhere else.

In addition if I do have enough money to start should I continue to rent a place and buy a place to rent to someone else?

I'd love to learn from someone else who's local.Preston

Originally posted by "noobdog1":personally, if i'm single and/or married with no kids and i have an income that pays the bills, the following strategy sounds like a very good one.1. buy a property in an appreciating area to live in - below current market value 20% minimum.well shoot. i already messed up step 1. comps for a similar unit in excellent condition was 180k and i purchased a rehab-condition one for 157k. is there any reason why 20% is the min?

Does this sound like a messed up situation that I might be able to turn into some cash or maybe I should just pass on this one ?

If you don't think I should make contact via mail and should do something else, please let me know.

i have been trying to take the leap and in a month, when i move ,i will begin to buy, rehab and sell (and whatever else).when i have an idea or am perplexed about a certain problem i need to post on biggerpockets.we , as humans are always so afraid to open up because we do not want to seem foolish.on biggerpockets i have been reading posts and getting wonderful insight from many different people.i have decided to open up on any problem or question.this is step one of my self-therapy.post,post,post !!!