Most of my financing experience has been traditional non-owner occupied 30yr fixed loans, so I haven't done a true commercial real estate loan before.Overall deal strategy in relation to finance suggestions?

If not, that will impact costs as well.In other words, you may find that you can build cheaper than you can buy, but you may find otherwise, depending on your experience and your network.As for the land cost, if you're building 1000 sf house, that $70K could be a significant percentage of the cost (it adds $70/sf) and it could be MUCH cheaper to buy; but if you're building a 5000 sf house, that $70K could be relatively inconsequential in the total cost of the property (it would only add $14/sf to the cost).

In the commercial world, I do not allow vendors on the premises unless they have their own insurances that protect the owners and take care of their laborers.Go to IREM.org and I believe their library includes general books relating to property management of residential and commercial.Again, ask for references, look for licenses, and ask that they carry insurance protecting you against their actions.

My Idea is to get educated in wholesaling for starters, I think this will get me into the know and into relations with essential people.

It comes right off of the freddiemac and fanniemae websites I think it page 5 of freddies, fannies , i just use this handout attached belowhttp://www.freddiemac.com/singlefamily/service/docs/Short_Sale_Fact_Sheet_Pub_908.pdfhttp://www.realtor.org/sites/default/files/handouts-and-brochures/2009/fannie-mae-confirms-short-sales-commissions-policy-2009-02.pdfMaybe the term i used, illegal, was not the correct choice.

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I love that you have a plan, and now just need to follow that plan to success :) Congrats and be sure to subscribe to the "DIY" Forum - (there is a button on the side of the page, when you are in any particular forum) so you'll be notified when new questions come up.

Im a young investor - relatively new to the game.

Page Huyette - Thanks for asking it!

An electrical engineering degree is in rather high demand so it is one of relatively few degrees that are with the time and money.