Hi,I am owning a nice house currently worth 600K (clean from any mortgage or debt) and finally understood that sitting on this kind of asset is just a monthly waste of money.As I am completely new to the real estate investment business, I am wondering whether it would be the right way to sell my current house and buy several assets for rental or keeping this and getting a loan/mortgage and buy, probably, fewer assets.I am sure there are many answers to my question but I'd really appreciate to just get some kind of idea of what the right direction would be.Thanks in advance for any replies  

One way or another, they are building their net worth.Building net worth is how you may possibly retire with fewer worries.

If he doesn't pay, take him to small claims court or just figure protecting your investment was worth another $600.

I was told that one of the steps to take to see if the deal was worth it was to find a agent that would be willing to help with the CMA. 

The cash flow is there.Just remember there will always be deals and there will always be a better deal.  

I am still playing catch-up since BP has more than 100 podcasts.Good Luck on your REI journey and remember there is a whole community of RE investors available to answer your questions.

With in mind, if there are any contractors that are willing to do me a service for a couple of bucks, it would be highly appreciated.So the moral of the question is, is purchasing a home from a bank a PITA or is it not worth it as a first time investment?

Remember when talking with your mortgage lender that the current lease(s) from tenants on the property can be put toward your dept to income ratio whether or not you have had landlord experience in the past.

Run the numbers by him and see if it is worth pursuing... there is a good chance he already knows about the park and can guide you, or save you a headache.

I would like to be able to transfer her old 401K to our Solo 401K, so it would be worth including her officially in the business at least for that.