My predicament comes from the situation of living in one of if not the most overpriced real estate markets in the world right now.My goal in joining this forum and building relationships with the people on this site is to navigate this difficult real estate market in order to advance my financial situation to better the life of my family.I understand allot to starting in this game is taking action and not sitting back on the fence but I find myself in an area that doesn't allow for an ideal return on equity as far as real estate investing for flipping/renting for positive cashflow.I look forward to having productive conversations with the fine people here on biggerpockets forum in hopes of helping other people succeed while succeeding myself in the ever changing world of real estate.Cheers,Matt Bouwman

I highly recommend Dave Ramsey podcasts helped me so much get my spending habits on track and understand my potential to save money

From what I understand, the bank is not stupid, they know what their house is worth.  

I started investing before I became an agent and was amazed at how many agents don't understand the numbers that an investor uses to analyze deals. 

Make sure you have a complete understanding of the conditions of these units and how much capex will really be required.How does the rent compare to other similar properties in the area, or other alternatives such as nearby apartment complexes?  

I understand busy.

Hello JustinSo what i understand it is a hopeless case to find good GC at your area , you do not have one on your team !!

Stephen Chatto I'm not a Lawer but my dad is a retired broker he has a book on real estate laws in New Jersey, I am not a Lawer but from my understanding As a wholesaler (flipper) you are considered a broker especially when met listing properties on the web , police can fine you in different ways as in practicing with out a real estate or business license (which is usually the case)NJRS §45:15-1.

I understand there are challenges with the tenants but if it is able to generate 30% YoY, it is certainly worth it.

I understand this isn't the place for legal advice I just wanted to here from people who love real estate with all its twist & turns, ups & downs.