I’m Lizzie, I live in the Bay Area and am sipping my toes into the real estate investing world - I have a friend in Seattle who is a successful wholesaler and suggested I look into it.

Hi, I did private lending to one of my friend , he mortgaged his investment property as first lien with me.agreement was that he will pay interest monthly, and he was almost regular on that.in July that property got deadly fire, in August beginning he paid my interest for July and didn't mention anything about fire.today, he called me and told that he wants of pay off(but he didn't pay last month's interest).I said OK start processing for payoff, but pay me last month's interest asap, then he told me that house went on fire and he is hoping to get insurance money and then he will pay, he has no money to pay interest .Now, my concern is should I wait and watch or I need to take some pre-action to make sure that I get insurance money since I am on first lien.

That is one of the ways I could go if I invested somewhere that had too much travel expenses where I would not incur many travel expenses that I would have to have otherwise.That way a Turnkey company or friend that lived there would typically have finance and contractor connections that are local.

Hi Will,Make friends with your local bankers and coop folks.

Account Closed On top of what Bill said, you can find a friendly agent who will take you as an assistant, allowing you to get MLS access (you just pay the MLS dues ~$55/6months) and even go to ABOR classes.

@Brian Erickson if you're looking into markets with landlord-friendly laws I'd be most concerned about the purchase.

The dogs are very friendly and we are not worried about being bitten, however we also want to make sure we are still protected IF anything were to happen because you never know.

When I was looking for a PM and a friend of mine referred his PM to me, He just stated with them to manage is 11 house portfolio.

So I consider myself a beginner.I have an opportunity where an old friend of the family, in his late 80s, had started to develop a 9 lot subdivision.

I have a friend that has a fair share of liquid assets and he continually makes comments that he would love to invest in my first house flip.