Once you've established a track record of success, subsequent deals will be much easier to fund.

If you have some established credit and can show income / 6-12 months work history (as an electrician), then you could buy a place with up to four units just like a single family with maybe 3.5% (or even nothing) down.

Sounds like a great way to establish trust.

We are planning to use the gains of our home sale on investing, and currently working on getting our business established, and we have a question (may be more a CPA question :) but your feedback is greatly appreciated; do we need to fill a 1031 form?

Although establishing a goal is the easier of the two tasks, the latter tends to be the most challenging.My goal is to become a highly successful real estate agent while also achieving the same level of success as a real estate investor.

More into making the fees upfront than establish a long term relationship.

People who may not have had a lot of time to establish credit are usually the ones who need a vantage score.Lenders want to see that you are making payments and keeping balances low on unsecured debts i.e.

That said, I have now heard at least half a dozen very established real estate investors admit regret that they shouldn't have quit their day jobs cold turkey to go straight into active real estate investors.

Biggest help would be to get a job for proof of income and establish reserves.

They have wasted time and money and need to start over with a professional or abandon the concept entirely.When you work with a professional firm that specializes in this area, you will generally get the plan setup as well as guidance bundled in with the service, which is why most providers charge more than the $51.25 fee involved with the state filing component you mention.If you were to have success establishing the structure and getting a custodian to accept your LLC documents, you would then need to find a knowledgeable attorney in this space and pay on the order of $400/hour for any questions you may have about IRS rules in the future.