Is it worth picking up a cheap property and putting some money into it?

Just keep going until you do your first deal and get that big fat pay check like the one I'm going to go pick up right now from my lawyer for $185k for a flip that I did in just 6 months.

If your interested in getting involved in REI possibly as a rehabber I would seriously recommend you pick up a book titled, "Buy It, Fix It, Sell It: Profit!"

One example of a wholesale I did this year was a home I picked up for $52k 5 bed 1.5 bath, Well I was waiting to close it I called around to a few investors, I ended up selling it the day I closed without lifting a finger for $64k on a 6 month lease option with a $2000 extension fee.

Did he along with 99% of the investors I know miss the lesson in" by low sell high" After he finishes telling me how crazy i am too buy now, I keep it to myself that I just got an offer with over 100k in profit on the table, and that I picked up a lake home for 24k that later ill make 45k on.

Set up in Excel I found I can get 10 properties per page, and I print it on heavy stock paper because it gets a bit dog-eared by the end of the year.At the bottom of the last page I put in important phone numbers that I got tired of looking up; Electrician, A/C guys, utilities, Justice of Peace Office etc.

Free rent, free internet, free cable, free utilities, and send them on a weeks paid vacation to Hawaii after 10 years.You don't even want to know where I sent one after 20 years.www.aaoc.com has an Instruction sheet employee information for apartment owners, it says if the rental value is not being used to meet minimum wage requirements, and is not used as a credit against wages, there is no upper dollar limit other than the 2/3 rule.

Is it acceptable (in the investor world) to pick a % and thats what I'm dicounting every MLS asking price and see who bites?

I started investing four years ago when I was 22, so I feel comfortable picking on you.First, I would recommend for you to take your state's real estate law of contracts class for real estate agents.

The actual federal RESPA laws that govern closing procedures actually state that the buyer is entitled to pick whatever title company they want since they will be living under the title insurance, but most people don't even know that or care.