Anyway now that we're considering relocating to OR we seem to have widely divergent ideas on how much we can afford to spend on our next house.

He has a $5 bill monthly revolving budget with top ups if needed.A recent deal in which I have been involved in with him ( and a nice little earner for self ) has been a reverse sale of $100 mill ( well 98.7 mill ) of bulk purchased and inventoried REO's.

I promise to search for as much info before I drop the daily dummie, but sometimes I'll probably just not know what to even search for.Looking forward to spending a lot of time here and hopefully becoming a valued contributor.

You can spend closer to $190 and buy all the books you would need to get a good grasp on RE investing.

If your going to rent it even worse you renter will not be happy living above what seems like a toxic chemical dump. they ll call the health department and boy your troubles are just starting now you don't want them finding a hazardous wasteland under the house get in there now while its easy to access plus it will just build up and you ll have rats the size of small dogs under your house and it can cause foundation problems. your better of not selling this problem to someone else you may end up in court if they see chemicals they ll know you knew about it sometimes(most times) there is no shortcut you ll have to rework your budget to accept this.

Many investors are not all that smart and end up spending the cash rather than using it for emergencies or paying off the debt when the property is sold.

Check into the state rules and regs before spending too much on training that you might not be able to apply.2.

What happens when we go to spend it and are informed that "Sorry Jack but that is only worth $50 today or, worse yet ZIP?

They also emphasize that buying at the right price and having multiple exit strategies is very important in a soft market since property appreciation alone, which may have worked in recent years, is not a viable exit strategy.They spend a good deal of the book explaining that investors need to invest outside of their own backyards and find emerging markets.

Mark,Welcome to the forum.I can tell you that you could spend a year here reading and learning.Good Luck,NavyDoc