Right now I currently work a full time job where I have a whole lot of flexibility but not quite ready for the leap into real estate full time, at the same time I have a side carpet cleaning business that I am using to build up some funds for my wholesailing business, I want to use my wholesailing business to give me some experience in real estate investing, would it be the smartest idea to have my part time carpet cleaning business while trying to start my wholesailing business.

The Universe is give and take; the body needs to breathe in and breathe out.

You always sign a personal guarantee on a hard money loan, so if you default, and the foreclosure doesn't make the lender whole, they will go for a deficiency judgement.You use the tool appropriate for the job at hand.

Lots of bedrooms for any size family, and renters often can't tolerate paying the heating bill for an over-sized house.Sometimes these can be made into rooming houses, if zoning permits (but that is a more hands-on business to be in than whole unit rentals).

When you talk to your mortgage broker, you will likely find that these days, even if you rent it out, any rental income for that property will not count towards any new home purchase and your whole PITI + HOA payment will count against you for at least 2 years, so you'd have to qualify for both mortgage payments, new home and old.

If you can tell me the numbers you are trying to hit I can suggest different avenues of real estate where it might be possible to achieve it.

Louisiana has trouble with the whole insurance thing since Katrina.

I got to meet a bunch of buyers and wholesalers and got lots of business cards.The whole thing was exhausting, I got out of there at like 10:30pm!

Wouldn't it depend on what you're looking to achieve?

I bet all the experienced BP'ers could learn how to gaze, and we could start a whole network of gazers.