In addition, the loan applications contained false information about employment, income, assets, real estate owned, and/or occupancy status.How many people have posted on the forum about lying about the occupancy status?

That's what's called beeing house rich, you have a huge pile of equity in a real estate asset, but the problem is you can't get this money unless you sell the asset.

Wouldn't it be in their best interests to secure a sale and obtain their commission?

I want start in multi -- affordable, in particular -- become an expert and move on to the next asset class, with development as my ultimate goal.

I'd consider the other investors to be an asset!

I will do my best to obtain seller financing.I have $5,000 cash I can put down.

Obtain a mentor who is knowledgable in Sub 2/Lease Options12 Months2.

I am starting by one rental property and I want it to be under an llc for my own assets protection.- Should I buy the property under my name then I setup an LLC and somehow transfer the ownership?

My advice is to finish your RN, keep your license current, whether you work as a nurse or not and forget about obtaining your degree.

- Obtain seperate phone for business.- Attend local RE Club meeting for first time.- arrive early, stay late.- immediately place contact info from networking into my database. - Go to county courthouse- learn what info is available from clerks.- setup DBA- network- Locate good webdesigner to set up business website.- Design & printout business cards using local business.- Use local business to manufacture fifty bandit signs