Hoping to turn that into green in the hands :) Brandon Turner, thanks for the encouragement.

So what you wouldn't want to do is pay those terms and use up your conventional spots to boot.I would strongly encourage you to create an entity to hold these things and to put the loans under.

My husband has been encouraging me lately to see if we can get our first property...I know, blah, blah, blah...I'm going to keep on persisting.

Bank financing is around 6-7% annual interest. so property value must drop 30-40% in order to encourage people to stop paying mortgage!

The house is in way nicer shape than the foreclosures that I usually buy.I would encourage others to give it a try if you have the time and patience to wait it out.

Oh please Jon, let's not encourage newbies to be gurus, but I'm sure you're right, LOL.Kyle, I doubt 50k will get you in a dollar store, that doesn't touch the inventory.

Great attitude by facisist Republicans, if you can't contribute 3.58% to the society from which you profit, you're not very successful.

Albeit a good idea in theory to encourage renters to seek housing in more densely populated areas within the city this still presents a problem for investors that have really nice houses in areas where there are bound to be some vacant lots and board ups.

great encouragement!!!

Giving any kind of lattitude will tell them you're a pushover.We've got dozens of articles on the BiggerPockets Blog about screening tenants and dealing with these situations that I encourage you to review ASAP.Good luck and keep us posted.