While you didn't provide nearly enough information, it's unclear that you can even afford house #1 so getting into more property sounds like it could be a recipe for disaster.More simply put, if you're not in good enough financial shape to bring an extra $15k to the table to sell house #1 *and* put enough down on this newer house that you want to buy, then you're not in position to buy this newer house period - let alone own 2 houses.

> Management agreementHere is a good little tip...add a place for a SECOND contact person- outside of the owner's immediate family, that can authorize financial expenditures when the owner is unreachable.

You have to strike a balance between the better financial returns of lower priced houses, versus the more intensive management they require.

By the time I'm down to showing I know I've got a qualified (financially) prospect who has a specific interest in the size of house, and neighborhood.all cash

It is your job to see through that and to derive a true and accurate financial analysis.

Tidy up financials for fiscal year2. 100 Letters out to property owners in preparation for August3.

In the big game of real estate, it is all about financial concepts.In the end, the choice is yours.

As others have said, read all the posts and you will begin to gravitate toward one or more of the strategies that excite you and fit with your particular financial position, or personality, or time availability.

I find that working on a floating margin based on completion of work is a good way to limit financial exposure on a flip.

I am trying to understand, 1) what types of loans or financial products are available to help investors purchase homes (single/bulk purchases), 2) where do I go to get them help with financing or loans.Any information you can provide me would be greatly appreciated.Thanks,Bryan Invest In Detroit