Can you give me figures and examples of why this would not be worth it, and you would just pass it up.

I figure my perspective will change drastically once I have one under my belt.

ToadWhile I'm no expert REI investor yet, I think I have it figured out that those who say that its not important to pay off mortgages ASAP are putting EVERY last penny of that money they would be putting into that mortgage, into another property instead.

You have to find ways to break through the ice so you can sit down with them and figure out what the best option for them is.

I'd be specific but I cannot figure the rules out here!

you have to have an accurate rehab estimate, and the total (purchase+ rehab+ holding/marketing) has to be figured relative to a reasonable sales price.

Tim, While there are GURUs out there that seem to have figured out how to navigate these waters (Alan Cowgell SP) seem to be one of them... the reality is that once you have someone lend you money you are entering some special realm involving securities.

Do you know about how much it would cost me to get a lawyer to figure these things out?

The most accurate way to figure what a house will sell for in a certain area is to compare with other houses that have sold in that same area, otherwise known as comps or comparable sales.

I don’t really have a mentor figure to help me a long the way, so I was hoping I could get some advice from here.I signed up for my real-estate licenses a few weeks back and my classes start 4/27, one of my question is, would it be wiser to wait until I have competed the class to purchase a home, to obtain somewhat of an advantage when working with a realtor.I’m scared I’m going to get taken advantage of, due to the lack of knowledge in the purchasing a home.