I lived in Houston in the housing debacle of the mid-late eighties and there were few penalties for people walking away.

I've owned a few investment properties over the years and lately have stumbled my way into private/HM lending using my self directed IRA as the source of funds.

There seems to be a great number of Rehabber joining lately.

:D Anyway...wonderful to have found this site, quite by accident late at night.

I have no competition with the REAL WOOD finishing, but I occasionally have to compete with formica and I think they really should be in different leagues.

I picked up a couple of books and already finished one - ABCs of Real Estate Investing is a good newbie book if any other newbies care - easy read, and provided some basic guides to determine property profitability, though you can probably find the same info on this forum in one form or another.

Am nearly finished reading this book and thought I'd post just to bump it up again.It has been a very enjoyable read, and argues some core concepts about how we spend out time.

The lazy answer is to finish your degree first and then start investing.John Corey

Typically, any payment goes first to pay attorney collection/foreclosure fees, second to satisfy late fees, and last to pay delinquent maintenance.

I have just joined up late Oct.