This formula incorporates additional factors and expenses, many designed to consider parents’ financial needs.The Percentage of Income ModelLast but not least, six states (Alaska, Mississippi, Nevada, North Dakota, Texas, and Wisconsin) use the percentage of income model.

@Scott Trench Creating a website focused on passive investor education that is sponsored by deal sponsors is removing the independence of the site, IMO.

Welcome @Rebecca Morris,These are the 10 first steps I would recommend to get started in REI (real estate investing):1) Educate Yourself: Read books, take online courses, and attend seminars about real estate basics, market trends, and investment strategies.2) Set Clear Goals: Define what you want to achieve in real estate—whether it’s buying a home, investing in rental properties, or flipping houses.3) Choose Your Niche: Decide if you want to focus on residential, commercial, or industrial real estate, or perhaps a mix of these.4) Research the Market: Analyze your local real estate market.

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments. 

You'll need to get good at analyzing rehab costs and predicting after-repair value (ARV) to ensure your margins are solid.To get started, immerse yourself in real estate education—read books, listen to podcasts, and use BiggerPockets to connect with experienced investors.

Although after speaking with other investors, some are telling us that it is not necessary to start a corporation for our first investment and its better to just buy in our personal names and incorporate later.This sort of advice that we have received is based on the information that a corporation costs more to start up and maintain.Should we incorporate now or later?

You can also check meetup.com or search Facebook for real estate investment groups, clubs, or meetings in your area.You should get a basic education of how to invest in real estate. 1.

Lots of free info and education out there but if that was enough you wouldn't be on here asking.there's too much to it to explain on a forum post, but that doesn't mean it's hard.just make sure you get the price right and finding help or JV will be easy.

Start with education - Read books, join local investor groups & find a mentor.

This is why I emphasize education of real estate principles, law and finance are essential for the real estate investor.