Because I have no income right now I figure a great way to get into RE is to look into wholesalling and referals.

She probably knows the RE laws in Pennsylvania better than most attorneys.

This is the place to be if you want to learn and succeed - Guaranteed.There are several r/e investing forum sites out there but this is by far my fav.See ya round!

Just food for thought.In addition to HML, there is private investors such as IRA holders (self-directed), people with $ in CDs earning tiny returns (compared to RE), family, friends, associates, etc.

James,Just when I think you are sane... ha.

Your RE business generates more income than any other income source.As opposed to depreciation which spreads deductions over 27.5 years (residential only), you could do a cost segragation analysis on your property (cost is between 2k-3k) which always produces larger tax deduction benefits and partially avoids the depreciation recapture when you sell.

The area is very stable, and the "normal" transactions are few and far between.The WaMu appraisers have agreed to re-evaluate the numbers based upon the list of comps I provided.

I have about a dozen other clients that had the same thing happen as well.What is your opinion on the use of a HELOC to invest in RE rental properties since you have been in the lending business?

How in the world are you going to build any credibility or expect to make it in RE with that track record?

I used to do some RE investing, with rentals and all, but got away from it due to relocation.