Whether or not there is a mortgage on it currently is largely irrelevant. make sure you know of about your lenders seasoning requirements and if they do delayed financing, which might be beneficial.

Hi! I've been interested in getting into real estate investment for a long time but just decided to make the leap. Total novice but a quick study and willing to learn from folks who have experience sucess fully in the...

I started as a rookie APM, and left there as a seasoned senior project manager running the entire project myself from finding the land to putting the project into long term asset management phase. 

. :)our lumber pac's this year are consistent with last year.what the beef is the crown sells stumpage at an artificially low price compared to what the state and federal timber in US is sold for on the stump and what private timber owners sell their stumpage for.. thereby giving CA and unfair advantage  ergo tarrifs..the delivered log price on the west coast has not changed dramatically this logging season.

HI Taylor,It may help to ask a seasoned local investor to help give you a take on these 3 lots.

Account Closed maybe you should look at seasonal locations?

It may depend on where you start (buying a new place versus a real fixxer for example; with a bunch of problem tenants to cycle out or mostly vacant units); and the complexity of the property (an older multiplex with quirks takes longer than a newer condo for example)...There are some good past topics on "seasoning" of rentals generally on BP...

You would need that money in your possession and seasoned for 2-3 months before you can even apply.  

Also, did you have to pull money out of your HELOC first and season it in a bank account for a couple of months prior to purchase? 

Do your homework, ck your own comps, etc.....My seasoned buyers know their mkts so well that they can make a decision based off pics and an number.