This second part of David Lindahl's teleseminar is on the 5 steps to financial freedom through Condo Conversion.

You've probably heard the news in the media: the real estate boom is slowing down. That's the bad news. The GOOD news is that owning real estate is still one of the safest and most cost effective forms of investment. That's been the case throughout history, and that will continue to be the case as long as people still need homes to live in.

"After I find a fixer, I make an offer, get it under contract and then find a hard money lender? Is this in the right order? I don't have any cash and went thru a real estate investing disaster already, so I'm leery as to how to go. Have credit cards and a HELOC, but afraid of putting my own home in danger. My credit score is good; should I get prequalified first?"

Question from reader: How do I fix my credit after filing bankruptcy to buy a house?

College educated baby boomers more likely to own second homes. Find out why vacation homes make a great investment.

Flipping Houses author and family to be featured on TLC's Flip That House. This episode will differ from other shows because the house flippers work on the property as a family and have been turning "doghouses" into "dollhouses" for thirty years using interior design strategies.

This first part of David Lindahl's teleseminar is on the 5 steps to financial freedom through Condo Conversion.

There's no doubt that you can make significant amounts of money by buying, repairing, and reselling houses. However, it takes knowledge, time, and careful planning to make maximum profits in a minimum amount of time, and if you make a mistake along the way, it can make a serious dent in your bottom line.

Real estate has always been, and will continue to be, one of the surest ways to get rich in America. Since the earliest days of this country, more people have gotten wealthy through owning real estate than any other way. In fact, the largest investment and biggest asset that the average U.S. citizen possesses is their home. There are lots of reasons to become an investment property owner, but there are things you should know before you buy your first piece of property.