He draws from many years of experience.This recording can be found at this website:http://garyjohnston.com/registration-and-products/jimmy-napier/power-of-negotiating-by-jimmy-napier/I recommend all of Jimmy's books and recordings.

Time to build the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Do you usually need to redo electric & plumbing, and how do the foundations usually hold up after all the wear & tear?

As a matter of fact, I've found at least two books and more than one attorney that says there is no requirement that a licensee disclose license status when acting solely as a principal.

A real estate license is not required to be an investor, but it does provide a good foundation of education.

You have built a great site, i'm sure you agree, the members knowledge and willingness to help is the foundation.

Like: knob and tube wiring, foundation issues, pests.Also look at external factors.

The majors include roof/attic, HVAC, mold, plumbing, foundation, kitchen, bathrooms, windows, insulation.3) By listing the property as-is, does the seller have still have obligation to disclose issues with the property?

Most real estate podcasts (that I have found at least) seem to focus on wholeselling or other "quick buck" strategies.

It needs new carpeting and some minor foundation repair, and does probably need some block fixed in the basement foundation.