I also just began David Greene's Long Distance Investing book.I hope to purchase my first property at some point next year.

And the HOA fee will eat on your profits.Good Luck

Getting taxed on that amount will just about eat up most of the profit. 

But it starts with baby steps.For me, it was: cancelling the cable, stop eating out, go on dates that didn’t involve money, cancelling the monthly subscriptions/memberships, working out at home, make coffee at home, quitting cigarettes, etc.

Hey all I have a question about the 203k loan...I'm looking to partner with a friend who has a work visa for the USA (he's lived there for 2-3 years already) but doesn't have a green card.

It’s why people like Josh Dorkin, Brandon Turner, David Green, etc are SO appreciated by a shmuck like me.  

I have been listening to the podcast for over a year and am currently reading books by David Greene and Brandon Turner.

@Jonathan Greene Hi Jonathan - I am a newbie investor, therefore, I trying to utilize a first time homebuyer loan to obtain my first multi-family so I dont have the connects to find deals offline.MP 

To me it means you have the Green stuff in you hand or in your bank account. 

Purchase price: $198,000 Cash invested: $70,000one-story 3-bedroom / 2-bathroom / 2 car garage house nestled in the Green Ridge North subdivision.