And I build the loss into my financial business plan.

The point about the love affair goes to my point that love affairs are generally expensive and rewarding in other ways than financially!

I understand forecasting economies, financial markets, widgets off an assembly line, but there is absolutely no way any model or system is going to tell me that the water heater at 4916 S.

And so many of my borrowers got into really bad financial positions based on this.If you have 100k to invest you need to keep at least 25% as reserves.

right now I am working on getting my financials in order.

Then there is the Financial Bridge Investment group (FBI) the Note Securities Academy (NSA) the Home Loan Servicers association, or the (HLS) then there is Dividends on Debt Managed Instruments (DoD MI).Anyway, let me know when these wealth operators get out of school.Sounds like you're starting off, read the forums, begin in RE with the basics, not guru stuff, try a real school and stay away from boot camps, IMO Good luck :)

Do your homework, have the property properly inspected, and be confident in your financial numbers going in.

Just saying, know who the seller is, if you can understand their financial horrors it will be beneficial to you.No more books...LOL :)

Btw, thought this was funny/interesting -- my friend isn't convinced about title insurance (he's willing to self insure given his financial situation), and in doing some research, he found out that the title insurance premium is split between the closing agent and the title insurance company.

@Jean Bolger, I had brought up the self-directed solo 401K to @Amanda Salas because, not knowing her age or financial history, I thought it might provide a way for her to roll in employer retirement funds (if available) and start investing in real estate right now.