it just depends on the type of funding the buyers are coming to the table with.

Since you're new and you haven't had time to build up a capital expense fund (that $50 out of your operating expense), you need to come out of your own pocket to the tune of $1,550 to pay for the furnace.

Happy to help fund the purchase if you have end-buyers lined up.

My advice is to stay clear of companies that ask for money upfront or want to auto charge credit cards via electronic funds transfer.

These are just basics so to build a foundation. johnmichael: Let me start off with a little introduction, I have been in the business of real estate investing for 20 plus years Using Sub 2, Land Trust, Lease Option, Owner Finance, 1031 exchange, No money down, Using investor funds for purchase and the list goes on.johnmichael: I enjoy working with pre foreclosure homeowners!

Warmly,Michele Robbins, CPANote Funding Resources, LLC

Warmly,Michele Robbins, CPANote Funding Resources, LLC

Truly the choice is yours, if you give up because of the lack of funds you will simply never fulfil your dream!

At the same time, that 5 or 10% could stay in my account as an emergency fund.

2 % isn't keeping up w/inflation)IRA's..3.5% STILL < REAL inflation #'s(I don't need Greenspan 2 tell me stuff is costing more...I SPEND that $$ he's talking about)Keough accounts, same as IRA's401K's a hair better, & w/matching employer funds, pretty decent...maybe 7%Stock Market....sky's the limit, right?