In my opinion, it takes away from the point of the whole engagement which is to trade the loan.

Like @Summer Segeleon said, 'Rehab Addict' will give you some great tips on restoring old homes cost effectively definitely check that out.

I had a 620 credit score before this collection settlement Im hoping this doesn't negatively effect my score even more. in hindsight I guess I should of asked this before I settled on the debt but it was driving me crazy.

I would seek others, like you are doing here, who have experience with the training and get their feed back on the training's effectiveness and value?

@Mark Langdon k, When is the next meeting for that group in Summit, I would definitely like to attend as I believe strongly in networking and personal relationships as the most effective way of learning and growing in business or any other endeavor.

Anyway, Kohler's book may help clarify how some of these legitimate strategies could help you solve the overall problem of cash flow and your personal balance sheet.Don't think of it as rent vs buy, think of it as all the possibly ways to use, manage, leverage, and conserve your resources employing your current assets and effective proven tax strategies (not scams but conservative real options for savings).

As used in this chapter: (A) "Real estate broker" includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, commission, or other valuable consideration, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration does any of the following: (1) Sells, exchanges, purchases, rents, or leases, or negotiates the sale, exchange, purchase, rental, or leasing of any real estate; (2) Offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental, or leasing of any real estate; (3) Lists, or offers, attempts, or agrees to list, or auctions, or offers, attempts, or agrees to auction, any real estate; (4) Buys or offers to buy, sells or offers to sell, or otherwise deals in options on real estate; (5) Operates, manages, or rents, or offers or attempts to operate, manage, or rent, other than as custodian, caretaker, or janitor, any building or portions of buildings to the public as tenants; (6) Advertises or holds self out as engaged in the business of selling, exchanging, purchasing, renting, or leasing real estate; (7) Directs or assists in the procuring of prospects or the negotiation of any transaction, other than mortgage financing, which does or is calculated to result in the sale, exchange, leasing, or renting of any real estate; (8) Is engaged in the business of charging an advance fee or contracting for collection of a fee in connection with any contract whereby the broker undertakes primarily to promote the sale, exchange, purchase, rental, or leasing of real estate through its listing in a publication issued primarily for such purpose, or for referral of information concerning such real estate to brokers, or both, except that this division does not apply to a publisher of listings or compilations of sales of real estate by their owners; (9) Collects rental information for purposes of referring prospective tenants to rental units or locations of such units and charges the prospective tenants a fee.

Eg:Effective ways to look for properties (MLS, Realtor.com, Redfin etc.)How to analyze an investment home (2% rule, 50% rule etc.)Steps in engaging with a hard money lender (paperwork required to be signed on, usual values for points and duration of loans etc)Steps involved in rehabbingSteps involved in putting a tenant on the rehabbed property etc.My idea is to make a kind of flowchart that I can use as a guide through the different steps in evaluating the property to the final stages of putting a tenant in the property.I'm located in Farmington, MI and would even be glad to discuss this over lunch or dinner if there are any members that would want to meet and help fill in the gaps.Best,Sid

The people we've engaged with on BP have been fantastic!

Handing out flyers or putting adds on your website soliciting money, is not only probably not very effective, it may put you under the scrutiny of securities regulators.If you are looking for hard money lenders, they are not hard to find, just ask around.