Also, I've tried to find a dedicated guide to first-time money investors (what are the usual terms in the industry when it comes to interest rate, loan time, what docs I need, etc) but I can't find one.

Developing a trusted team is probably the most important step.

hey all,where is the best forum to find key team members?

Team up with a flipper who REALLY knows what they are doing.

@Kenneth Jackson,About the only option you have is to learn how to team up with money partners, whether that's private lenders, other investors or hard-money.Read up on self-directed retirement accounts and how folks can use them to take more active control of their earnings on their retirement savings.When you can show folks how you can get them 12% to 20% return on their money versus the beating their savings has taken on Wall Street - 50% to 90% losses, you'll soon have more money available than you can find deals to do.There was a post in another thread about the biggest mistakes newbies make.

you beat me to the punch about Ocwen.Back in the day when things turned I was going to set up a short sale division in my Re company... so I thought I would do a few myself so I knew and understood how they worked then turn them over to my team.. well first one I try is with Ocwen it was such a pain I just completely gave up on the idea..

Welcome to the team Josh!

Hi @Abraham Rahmanizadeh Good to see an another great mind joining the team of investors.

But I met a father son team at investor meeting and they are buying up city houses and rehabbing them beautifully to rent or sell to another investor..Its win win as homes are being rehabbed nicely and there is a decent profit margin because these homes in the city are low cost to begin with.This particular multi family was a Craigslist ad..Thanks for your reply

Hello BP Team: I am a investor based out Alpharetta, GA and currently in to buy and hold.