Rhunter If you need breathing room in your bank account then you do not want to start out doing rehabs. They can eat you alive if you do not know how to evaluate the costs involved. You should start by doing wholesale or lease option deals. From your post it does not seem to me that you are ready to do anything except learn some more about re investing. Ronald Starr has posted in the last week some articles that you need to read. Post in the archives Ron’s name and you will find a ton of information for you to read. good luck wpage
To say this is all new to me is an understatment. I’ve got so much information in my head I think I’m gonna explode. Most of these real estate terms may as well be written in German because, at this point, I dont understand them. I dont want to sound like a whinning newbie but when you do an analysis on a property that you are looking to acquire, what should the numbers look like? Is this question too subjective? I want to initally buy property that I can quickly rehab, if need be, and re-sell to gain some breathing room in my bank account. Then I would like to acquire properties and rehab to rent out or lease-option. Any genuine help/ feedback would be appreciated.