why do you want to pick up these houses w no equity when they are already lost?

You pick what "modules" you want, and how you want them laid out and they make it happen.

2) The article recommends utilizing multiple LLCs, one for each property.

I have already picked up some information from some people on here through email and phone that has been so helpful.

Welcome Quincy, I know where you are and it should pick up down there, as soon as this heat passes I'll be at the lake.....good luck!

When i called the girl on the first floor her music was so loud when she picked up the phone she coulnd't even hear me.

Do you pick a price for them to buy at right now?

If you read elsewhere here (and you should) you'll find the "50% rule" that says expenses (taxes, insurance, utilities, HOA fees, vacancy, advertising, etc.) will eat up 50% of the rent.

I am excited to be part of this forum, as I’ve already picked up a bunch of useful information without having done a deal yet.

They're still driving king cab, dually pick up trucks to the grocery store (although not as many people are buying them) and while starbucks sales/profits are down I still see folks in there putting the lattes on credit cards.Another thing that makes me an optimist (about finding deals that is) is that I know that even in good times some people get in trouble.