Hi,I'm a new investor in the real estate realm. I have been put in touch with someone that wants to sell 3 distressed properties very cheap. I have an experienced contractor to visit the places with me and give me est...

That is people investing based on market momentum and hype rather than for fundamental mathematical realities.

Now you're actually starting to turn some tax deferred profit into tax free profit.3.

So, I just closed on my home, again, yesterday and started to doubt whether I actually made the right decision.

I checked the chain of title on the property looks like it was never actually purchased by the TK company, rather it was Quit claimed from the old owner to them.  

Sometimes they might not actually be a deal at all once factored in the amount of work a property may need based on actual rents and property value.

Here are two examples where knowledgeable and experienced friends made mistakes:A well established park owner bought a park and paid for it without separating the good will and equiptment from the actual land in the purchase because the contract was vague in that area.

For example, one great idea is if you drive or walk by a house that looks like nobody lives there, figure out who owns it (usually the person actually has another address), and send them a letter.

I think what took me so long to actually get started was fear of not knowing what to do.

We get duplexes from time to time, just sold one today actually.