It is a great way to become wealthy because it gives you tremendous leverage potential (your ability to use credit to acquire more assets than the cash you have).

I hope to pick the brains of members to help guide me and educate me with future real estate transactions.

The RTO seems to be more desirable, HUD-8 sounds very undesirable.... but I really am just making an educated guess.

That way you're EDUCATING yourself, not getting the distorted view of someone who's main business is hawking seminars.BTW, a lot of people think "oh boy, CASH, I can get away with something on the IRS".

Best to leverage what you know while adding new information.3.

In theory I like the LLC stance as it allows me to create an investment property business, and I assume better tax loopholes as I rent and flip etc..Thanks In Advance for educated opinions.

That house is a quick sell for 130k and I've got 100k in it so I think I've did pretty good on that one.I'm so thankful to have found these forums and after reading them for several days, I must say that some of the forum regulars are amazing resources and I thank you all for the willingness to share your hard earned knowledge.I realize that I'm new to this and I have a ton to learn, but I know a lot of that education is going to come from these forums.

It is a great place for you to educate yourself on potential good and bad deals.That should get you started.

With RE you can use leverage to improve the returns if you do get appreciation.John Corey

Hence a well placed property with a moderate amount of leverage will generally out perform a CD.