Thx chop. going to look into getting the LLC done.Noobdog,I really don't think my idea is that vague.I WANT to own some income producing properties, that is my goal as previously stated.If I bought a property that I felt I had a great price on and could make quick money, I wouldn't hesitate to try and sell it while also trying to rent it.

Hey there Totally,Its nice to see that their are more and more people that choose to leave their previous working enviornment to try out real estate!

Still have plenty to learn and much to do.I'm currently in the market for my first home, after paying off some substantial debt built while in college and early 20's.The market here in Baton Rouge is strange at the moment.

I purchased the third home as REO and got the previous owners back into the house with a lease option.

HUD has specific guidelines .I must agree with the previous answer....if you really want the house bid at least the list price.

However, if you do a little research, you'll find that the inflation adjusted price of houses historically takes 8-10 years to reach their previous highs after a real estate bust.

I'm a high school junior and I want to get into real estate investing so I make enough money to pay for college.

I purchased the house and did a 1 year L/O deal with the previous owner 4 months back and here are the numbers:-sold comps show the house being a quick sale at 130,000-purchased the house for 105,000-7,000 non-refundable lease option fee paid up front-1,400 month rent payment-my mortgage payment is $850 (including taxes and ins)-option to purchase price of $125,000I just found these forums and was interested in getting feedback for theterms of this deal...God Bless,Steven

I mentioned in a previous post about loosing a deal just last week.

This, along with the recent damming of the river(ensuring it doesn't dry out), has generated development interest in the previously undesireable swath of land between downtown and the river.