If there is enough room to pay for a "FLEA", then it should not be necessary in my book.

My personal goal, and the goal of my company, is to provide people with the best possible chance to succeed as a long term investor.Here is one of the first books a newbie should read: "The Richest Man in Babylon"It will lay the foundation of what wealth creation is all about!

I'm interested in getting a better deal if the bank thinks it can get another REO off it's books by year end and agrees to my purchase price.

Oh, he works some off the books so to speak and his wife makes good money.

Banks are coming up with every excuse in the book not to lend.

So I read all I can, book and blog.

I love Ray Como's Mastermind Script Book.

Despite the words 'flipping' and 'rebuilding,' there is nearly nothing of the sort in the book, and I can't say that I really learned much at all.

Assuming you plan to buy and hold, you also want want to make cash flow and resale projections going out several years -- I would say five at the least, but probably more.If you go to my blog page here on biggerpockets (or the blog on my company's site) you can download a sample chapter from my latest book -- the chapter is about using cap rates.Originally posted by Dustin Lyle:I read in a thread concerning California where multi unit residentials are selling around 4-5%.. which lead me to a good question..

There is a glossary here.For people who are totally new to this business, I really recommend getting a couple of RE investment books and reading those.