for a second I underestimated the power of BiggerPockets.Im now looking for the second deal but unsure about financing options.My first deal was all cash but thinking about financing the 2nd deal.I hear that given my job status (Engineer for 5yrs with stable company) and financial situation, it is a good idea to leverage my credit with a bank???

Is attaining “real estate professional” status even worth it?

A coach/mentor is worth their weight in gold. 

Tenant shall not allow any other person, other than Tenant's immediate family or transient relatives and friends who are guests of Tenant, to use or occupy the Premises without first obtaining Landlord's written consent to such use.

Institutional accounts are slow to setup, and none of the exchanges really provide a means to contact someone to check on the status of an application or obtain help.You have to establish an institutional exchange account that ties back to the Solo 401(k) in some fashion, either directly in the 401k trust or via a LLC that is wholly owned by the 401(k). 

For 506(c), have them get a letter from a 3rd party attesting to their accreditation status: CPA, lawyer, or RIA or a third party service provider.

Fast forward six years, a few addresses and a 2-year international backpacking trip later, and I had begrudgingly joined the (black) gold rush in North Dakota.

I get $483,614.After 10 years, you have nearly $860K in equity, so you're almost a millionaire...But, like Wheatie pointed out, you've spent over $400K to get to that point.So, while the author could argue semantics to conclude that you've almost attained millionaire status in 10 years, most people would say you're only halfway there...

Blanket blind trust in this biz is fools gold.

From there, you can make the right decision on whether to pursue the deal by completing the GLA Checklist (on pages 54-55).Member name: ABRAHAM HERNANDEZMember No: 083578Phone: 714-631-3440Mobile: Fax: Email: [email protected] Info Subject Property Address: 2105 E OCEAN BLVDDeal Info City: NEWPORT BEACHDeal Info State: CADeal Info Subdivision: NEW PORT Deal Info Zip: 92661Deal Info County: ORANGEDeal Info Owner Asking Pr USD: 2,465,000Deal Info Offer Price Bid: 1,900,000 O.B.O.Deal Info Tax *** Pr USD: 9,979Deal Info Tax Year: 2007Deal Info Realtor status: NoDeal Info Listed Price: Deal Info DOM: Deal Info Contract status: YesDeal Info Fair Market Value: 2,465,000Deal Info Per Under Market Val: 97Deal Info REO: NoAssignment: ContractDeal Type *** Per Contract Price: 10%Deal Type *** Per Net Profit Joint Venture: Deal Type Contract Exp Date: none until soldDeal Type Rehab Type: Light-RehabDeal Type *** Comments: IN ONE OF THE ROOMS A SQUARE PICE OF THE CEALING IS MISSING AND WHERE THE HEATING SYSTEM IS LOCATED IN THE BOTTOM IS MISSING A SMALL COVER AND ONE OF THE ROOMS NEESD TO BE PAINTED THE REST OF THE ROOMS ARE INGOOD CONDITION OTHER THAN THAT THE HOUSE IS IN GOOD CONDITION IT HAS NEW HEATING SYSTEM, NEW COPER PIPEPING, NEW DOOR HANDLES, NEW LIGHT SWICHES AND NEW WINDOWS AND FRAMES.