Probably need 10+ doors of good quality before the residual cash flow will amount to much more than "fun" money.I will say that if you are going to think of going out of state then make sure you establish a very good local team before buying anything and make sure they give you a very good idea of what you will be expecting.

I am a licensed contractor with a specialties contractors license.

Find out what it costs to get a license in your state?

I understand that I would need a licensed HUD broker to submit bids - is there someone you would recommend?

It's something I wouldn't think to do unless someone actually told me I could, which you just did...I'm going to get my real estate license so that I can make offers and do some extra MLS searching myself, but I will definitely be in touch with you, you seem like you really know your stuff.

Hello, I am a new investor from Chapel Hill NC with a desire to establish connections and get to know my local real estate community.

Hey guys,I hope you all had a great Christmas.Can anyone recommend a database program where I can enter information of all buyers, sellers and real estate professionals that I have established relationships over the years to keep track of everyone easier?

I should also point out that we have our real estate license, so we save a bit on closing costs (we typically offer to pay the listing agent both sides when we purchase, but we only pay out one side, to the buyer's agent, when we sell.).Bottom line for me: with my skills still being honed, at this point in my career, that 30% breakdown is probably closer to a 15-15 split than a 10-20.

I've worked with several members of the BP community in Milwaukee and am looking forward to establishing myself in Denver.Thanks!

I recently got my Fl real estate license.