The most important thing to know about buying an investment property at an auction is you have to do your homework.

Having a personal goal of doing REI full time is great, in fact that's where I hope to spending a lot of my time in the near future, but keeping your money coming now with your sales commissions is just as important as learning the REI business.

But the hard part is I want to live in a nice area and nice areas tend to be much harder to get positive cash flow (assuming I imagine I'm paying myself normalized rent prices for that area).If cash flow is so important, which it is to me since I'm basically trying to build up capital for future investments, maybe it's better if I rent some place cheap with friends and buy a less expensive property in an area I don't want to live (really south when I'm trying to stay closer north).

There are of course other important things to look out for, but I think the most important thing is to see if you're actually ready.There is a HUGE emotional aspect to investing that most people forget about when they think it is time to start investing.

Originally posted by "dimension":Hello, in the current market environment we are in, i am curious where you/investors are finding deals...namely, properties that are paying for themselves.thanksThere is some important information missing.How much money do you have to put down?

Not everyone has good credit and I have found that is very important. 3.

Other than paying on time and what others said.......I keep my utilization under.....it's actually at 2% each month......the credit mix is important.....installment and revolving......I have a lot of revolving but my installment credit is what ive been working on.......I have a pledge loan with navy federal......I paid 85% off immediately......and am walking down the balance slowly....check out velocity banking too.....

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.

Set up separate checking accounts for the LLC and have all rents paid into them.Then, and this is important, if you want the LLC to provide actual protection you need to deduct a fair market management fee before paying the remaining rent back to you (the owner), typically 8-12%.

Yeah its really important to find good real estate agents.