I would also say if you are thinking of investing $50,000 or $100,000 with someone it is not a bad idea to fly out and go visit them - it doesn't need to be someone close to you geographically.Everyone has different options about how to find great sponsors. 

Hard money lenders are usually quite a bit more casual that traditional lenders when it comes to accepting docs- but you'd have to ask them if that will fly.

Hi All,flying solo and not using an agent this time around to rent a property.

You have fly-by-night agents recommending rough neighborhoods and properties; and frankly this can be self inflicted and is often just to meet an investors unrealistic expectations.OOS investors often run terrible properties, knowingly or un-knowingly.

In addition, Las Vegas has dual electricity sources (California and Hoover Dam), resulting in high reliability.If you adjust for inflation, prices are still below peak 2006/2007 prices.

Whether it is trying to line all my ducks in a row, or being tempted to pay for courses I see on social media, I'm finding that time is flying by and I'm just spinning my wheels.

Being out of state it’s not possible, but I do fly out for inspections once under contract.

We do them all the time - that is "flip" paper - I never really called it that - use paper to write an offer, paper to assign my contract.They may mean mortgage notes - you control a note for one price and flip the paper (note) for a higher price.I have been working with people just starting all the time - for about 36 yearsIt is sad to hear some of their stories, horror stories of how much money they spend with a so called mentor.Mattie came to me after dropping $30,000 to a fly by night mentor (they are still around today - if I said their name - you'd know who they are) and get rich programWe were able to get her $22,000 of that backWe had her call her phone mentor to ask question - he was on the phone goggling for the answersWe helped her write a letter that would have exposed them as frauds - to report them to every AG in the US, radio stations where they advertise, BBB and every real estate site on the internet.They could not answer basic real estate questionsWhat's a hybrid offer - how do I write one Should I use banking days or calendar daysCan I build in to my offer an automatic extension - what would the clause sayWhy would I use a "delayed settlement date"How do I get right of possession - how is the clause wordedWhat are "check funds" (one of the most important thing to know when getting started)How do I make the shift from "I want to buy your house" to NO I want to flip it, wholesale it or recycle it for a profitWhen buying, should I keep it in or take this clause out "Time is of the essence"What is the proper assignment language to use in my offerWhat is a "second stage negotiation"How do I make a "Trial Offer" on the phone and whyWhat should I do if the sellers says, "Make me an offer"I have no credit or money, how do I answer when the seller wants to know if I am pre-qualified for a loanWhat is the benefit of a "skinny contract" offerWhat is the only out clause I need to put in my offerSo many ambitious and good people have been taken advantage of daily by these traveling Con-men.Before you buy another course - ask - How many properties do you own - whereAre you licensed, bonded, insuredGet references of past men-tees - don't believe their Power PointLook at their financial statement - search their name on the internetDo lots of research before you spent 

I'm looking to start my investment adventure in Tucson, with the idea of moving back there some day in the future.My wife and I are flying to Tucson next week and will be in town Tuesday Jan 26 - Saturday Jan 30 to look at properties (and hopefully put in some offers) and while we are there we would love to meet up with any other investors while we are there. 

I wouldn't fly too close to the sun on this one and would keep 25% equity in the deal and still be popping a bottle of champagne.