Posted by Ronald * Starr(in No CA) on August 09, 2003 at 11:42:38:
I recommend first that you read my post for beginners, if you have not already done so. You can find it by putting “beginners success” into the search function of the main board of this CREONLINE.COM website.
If you are just starting in learning about investing, I think it would be best to wait until your move. In the meantime study up on the general ideas and issues of investing. Since you are going to move, I don’t think it makes a lot of sense to study the local market place in any great depth.
If you have enough time to start investing, I think your situation points toward a quick-turn over type situation, rather than buying for a long hold. That means you need to buy at a bargain price. That means that you do need to study the local market place to know what is and what is not a bargain.
The MLS question? I don’t know. You can find out locally.
I don’t know that there is anything at all special about a wrap around mortgage. In some areas it may be commonly used, in some other perhaps not. I’d not worry about this issue. You have a lot of other things to learn that are far more important. A wrap around mortgage is just one of many ways to structure deals. It is useful in some situations, not applicable in many others, in my view.
Good Investing********Ron Starr*************