Do I hear a challenge?

When you approach them be very specific with them and tell them to only call if they have an absolute steal.

Once you begin to approach “break-even,” then you should consider maintaining what you have as opposed to adding to it.

I am fairly new to this business, I've established good connections with the major bank in the area and trying to approach the pre foreclosures owners offering them to save their credit and list with me.

johnmichael: Make locating real estate prospecting easier and more fun when you approach it like a game of cards, keep your aces and play by the rulesjohnmichael: For example, there are 52 cards in the deck—your job is to find the 4 aces that will do business with you now!

There may be local tax incentives for renovating your property as well as advantageous approaches to declaring your expenses.In SummaryIncome produced meets financial goals Suitable propertyAppealing locationVacancy ratesNeighborhood rental ratesNow you need to know the cash flowFirst, calculate taxable income or loss from the property.

the no money down hype may be applicable in some situations. but i don't think its something a newbie should be expecting.. especially with challenged credit..

It takes a great approach to helping you think about how you see money.

Taking the LLC approach has one important tradeoff that you should be aware of; access to high LTV loans (a majority of lenders cap lending to LLCs to 80%).

But, I hate all the disclosures and liability that go along with investing on my own with my license.I understand that if you are dealing with the "average" agent, that you would want to consider your own license, but the liability isn't worth it if you pick someone like myself, that's decent, to do the searching for you.The biggest challenge you come up across most agents, is they've NEVER invested other than buying their own home!