Buyer again makes it perfect, sells it and loses his shirt.

South Jordan here... been following the forums a few weeks, figured I should probably sign up at some point.Rich, a little disappointed you abandoned SD... as a native Dakotan (born and raised in ND) I know they can't afford to lose people up there!

In the mean time I don't want to lose my momentum so I'm looking at buying a "#&@$ Burger", as a friend likes to call them... maybe a little 2/1 that wouldn't cost more than 20K purchase & rehab, that I could just put $4K (20%) down on and get rented out for $550 or $600 a month.

AZ homes are still losing value in many areas.I am definitely trying to tap into some local banks too.

But a comment one person made on a gurus video saying, "why would anyone go through the trouble of pulling up comps and getting information on a house and simply bird dogging, when they can just as easily whole sale it?"

The bank approved $500 in payments to the title company but the title company has added a $2000 "service fee" that they say I have to pay.Now, $2000 isn't worth losing this house over, but $2000 is still a lot of money.

Birddogging is even harder because you're making a much smaller paycheck and the buyer and seller can easily cut you out of the deal.You might think about getting licensed and getting a job as a RE agent.

But to cash a check in my name you would need I'd and that stuff is easily traceable.

Since there are no tax advantages to the IRA, you lose a lot of the benefits to owning real estate.

Just the kitchen cabinets and countertops could easily take half of that.