It would be worth it to me to go 1/2's actually because he has the risk, you don't.

The answer to me is simply NO!

I wouldn't be selling a MHP now unless someone came to me and made an offer I couldn't refuse.Your numbers are trying to sell, if you had no other expensees, at a cap of 10%.

To me, it smells like a distressed situation.

I usually tell them that I am an investor, and need to buy houses at prices that make sense to me.

Since I've been to the seminar, I've now seen foreclosures on websites tauting prices of a few thousand dollars, heard about short sales and REO's and I don't know what I need to learn or know before being able to capitalize on those deals or if I'm even comprehending what I'm seeing properly.I talked to a guy local to me that offered to help me get started in investing but it became apparent to me that he was well seasoned in property rentals but really didn't know much about the other ways of making money in Real Estate which I'm MOST interested in for now.Any help or pointing me in the right direction is appreciated.Thanks!

They didn't want to talk to me since I was a first time buyer and i didnt have the downpayment. ehhh, they just dont give money out?

Aside from cash flow (and getting other folks interesting in investing) it seems to me that their biggest problem is thin-slicing: ie, knowing enough about the business and the market to size up a situation and have the confidence to follow-through on a gut reaction.

This sounds pretty fishy to me.

(the house next to me sold for 275, even thow it is much larger and newer) but i am about half done renovating it and am looking to buy another when i sell this one, my question is i currently have 40k cash, should i save more maybe 60-90k before trying to tackle another, im looking to really get into this, and am hoping to find a higher end forclosure witch could yield more profit.