I’ve been interested in RE investing for several years, as I’ve found that I’m good at digging up opportunities and closing, and I enjoy crunching numbers and analyzing problems.I’m interested in meeting people who have set up private money / private equity deals in the past, especially if it involved single-family residential buy-and-hold strategy.I’m also looking at pulling the trigger on the local Lifestyles Unlimited seminar, because I have a lot to learn, and also because I want access to what Lifestyles considers “best practices” in what will be my market.I’m happy to hear all sides of any idea and my hobbies include playing devil’s advocate and drumming at my local church.

How much of the cash are you pulling out with the refinance? 

But it was extremely frustrating for him to be very shady in his business practices and made me curious to what else he would pull before the close of the property. 

Most of them have their pdf brochures online you can pull up, zoom in..lol.., and read.

Depreciation is a noncash deduction that can wipe out most, if not all, of your taxable income.Rental income is passive in nature. 

You need to analysis to see if the cash flow on your current property makes sense, and also analysis how much equity you can pull with a Heloc.

You need to make sure you understand what a deal is ,though, because the seller is putting their financial future in your hands, and you have to pull through for them.

Hopefully, I won't be pulling my hair out by this time next year!

For this reason, I have stopped looking for properties to purchase (but will keep my existing LA properties) and have started to put my money into syndicated deals and investment funds that are a bit more conservative and by their nature (i.e., hard money lending, litigation settlement funds, etc.) might hold up better in a downturn and aren't correlated with the RE market. 

He had to reply to a couple of my questions with "let me talk to my mentor about that" so somebody is pulling the strings somewhere.