The cold belt states tend to have higher ongoing cash flow but less value potential in the future for the land and rent growth.CA is more of an appreciation type state like New York.

I would like to start with a small home for a first time home buyer.After I have a few single family homes under my belt, I would like to try to redevelop an old industrial building into high end condominiums.  

My name is Aden Brust, Im a newbie investor with 1 deal under my belt that I bought when I was 18, and I have been an agent for almost 3 years now in Northwest Arkansas!

You will have to give up a lions share of the profits but the learning experience and the notch on your belt will get you further than anything else .

Were talking the entire rust belt, the entire country of China....

J Scott does it, but he probably has a thousand flips under his belt, and can absorb the risk of a flip going sideways.

I have a few transactions under my belt as a Realtor and have also flipped a few short sales.

http://www.fdic.gov/Bank Closing Information - February 13, 2009Pinnacle Bank, Beaverton, ORCorn Belt Bank and Trust Company Pittsfield, IL Riverside Bank of the Gulf Coast, Cape Coral, FLSherman County Bank, Loup City, NE

I suggest giving yourself a time frame to get your first deal under your belt.

If you don't have the CASH ON HAND to handle major things like a roof or HVAC system replacement, they'll have your pants off before you know your belt has been unbuckled!