I am getting ready to do my first deal.

You may make 30-40 offers before someone is ready to let you purchase their property at a discounted price.Just my thoughts.Mike

These are questions that will help you know when you are ready.

The most important thing you can do is the hardest thing, and that is to get the property at a big discount after accounting for all items to make it rent ready.

There seems to be a lot of talent on this site and they all seems ready to share the knowledge.

It is not always a simple matter to move a property to an LLC.But if, after doing several deals you feel confident and competent,then sell the original properties for a profit and begin putting allnew properties into the LLC.From your remark about tenants being hurt I can see that youmay not be psychologically ready to be a landlord.

The ones I've read I was not a fan of.The review you posted looks good though.

Having said that still owner financing could be a feasible option.Generally the consumer involved in a fsbo/owner financing arrangement will take better care of the property having an ownership interest.

That will then show by your name when you post things, and we will know where in the country you're located.With the statement you made about being ready to goin 90 days or so, you want realtors and others from this board to beable to start networking with you.I wish you all the best!

Institutional lending is far too restrictive and time consuming, thus my need for an investment partner(s).Here is a description of my immediate need:Area: Aurora, IllinoisSales price: $125,000After repair value: $160-175,000 (CMA's from local agents)Repairs 90-95% completed by sellerClose: Tuesday, August 15 (one week from today)I have been working with an institutional lender on this but am running into "chain of title issues" because it was bought as a foreclosure by the current seller recently.