Moving to an area where the average home prices is about 125k to 150k i know the same principles apply.You have to be careful in this location at times.

I'm not planning on living there, so what do I care if it's a 50k or 500k house)4.

Nothing else matters you can always change management and repair damage but you can't change the location.Unlike a lot of cities Memphis has many areas where values are falling or permanently stagnant so you have to be careful where you buy!!

In addition to getting advice, the broker will also take care of the mountain of paper work and other office duties that, I think, is well worth the commission split.As far as getting a commission from a wholesale seller, most seller don't [or can't] pay a fee to sell their home.

Even if it is paid off, you still have taxes, insurance, utilities, lawn care, etc.

Anyway, so I feel like compared to other people I may be too paranoid but then again you can never be too careful!

If it's your first time, deleading can be a difficult and expensive process to learn so educate yourself beforehand.Don't hesitate to reach out to me direct if you want me to share some of my experiences or need some direction.http://www.mass.gov/eohhs/gov/departments/dph/programs/environmental-health/exposure-topics/lead/frequently-asked-questions-about-lead.html

Don't even think about quit claiming and be careful of any other ideas you hear off the Internet, even here.

Blocks change quick in Jacksonville, so be careful to not see low price as a good deal.

My mentor / business partner who is showing me the ropes in RE is starting his own property management business after being in the real estate game for 13 years.He is offering me a job in said property management business as an on-call maintenance person, and also said he can pay me to do yellow letters for him (I currently send out a lot of them for my own investing purposes).He said he can either pay me for each letter, or a 10-15% commission on income from any leads I generate (so if I land him a property that he makes $150/mo on, I would make $15-$22.50/mo on each property. 20 properties = $300-$450 / mo total).Either way, he will pay for all the material and postage- so I'll just be taking care of the rest (printing, packing, sending).