I am new to this website as of about mid december and I can not tell you all how great it is to be part of something like this and how much i have learned from everyone elses questions/experiences!

It will take work just like anything else.

lot going on in this post.first, no way will you get a 5.5% on a non occupied investment property.(2) you *may* end up with positive net income on the property without having the mortgage writeoff - this means a visit from the tax man. as an investor, the "write offs" or tax deductions you will receive, if your business entity is structured correctly and your CPA knows what he/she is doing and you keep tabs on it, will far exceed any write offs you will earn anywhere else...look at it this way...IF...you HELOC...taking 100k out of your property...now you've got 100k to invest in an reo or other distressed property - CASH...real estate is about leverage...but with the CASH purchase, it frees you up to do many different things down the road...IF...you "buy right" (below market value > 30%) - combined with the CASH purchase, you'll create a return on your investment that is EXCELLENT.if you took an arbitrary 100k (from anywhere, say it grew on a tree) and you stuck it in a savings account earning 5% (which is a lot for a savings account)...compare that to the 20% return you'll get off the monthly cash flow from a good rental...not to mention depreciation..and future leverage options available to you through this investment...the returns just compound.now this all deserves a qualifier...we don't know the specifics of your current home, your finances, what you owe on it currently, other debts etc.all that must be taken into account.

you also need to find a niche, or else you will be spinning your wheels and burn yourself out.

they accepted the full asking price but told us no to everything else (no utilities turned on and gave us a SUPER unrealistic closing date2.

This is what I do Is there anything else I should be doing Like Title searches and so on If so how do you do it with out it costing the fee for a title search.I Usually get my list each week go through and run prices for the area Im looking at.

I was excited that there would be a new edition this week after they took time off due to the holidays and now the site is down.Was anybody else reading it or know what happened to the site?

I want to jump in and introduce myself since everyone else is it seems.

there's your liquid cash since you own them all. but also you can take out equity loans from your cars and borrow against them for some cash on hand for the what if's. or you can just go through a bank, there's a million ways to finance a deal. if i were in your position i would be crunchng numbers on homes and if the numbers work then go for it. paralysis by analysis i find is the dumbest thing ever. yes sometimes if you analize something someone else may buy it. but i wouldnt buy anything without feeling completely comfortable with the numbers. remember it's the exit strategy thats most importantl. we all dont want to end up buying a home we cant sell and just that liability our money away. so do your analysis.i dont know how much help what i said is, but dont let anyone tell you that you're going too slow because if anything doesnt make sense then i wouldnt do anything until you feel comfortable with what you're doing.

Some of the upper end new construction has slowed dramatically, but inventory on everything else but new construction is at very strong levels.