So here I am eager and ready to get started.My longterm goal is to reach a passive income of €2000,00 per month in passive income through real estate investing.My shortterm goal is to buy my first investment this year (2012) with a passive cash flow of at least €250,00.I have no equity at all, but I do see possibilities to borrow from family/friends.To be honest I am a bit scared to get started.

In all honesty I went against the 70% rule because of the location of the house (right in an area I grew up in).

I can understand that crowdfunding sites are wary of this, but in all honesty, as long as you provide all the information upfront, I really don't see the issue.

Inconsistent/No marketing = little to no dealsPersistence (In all aspects - never quitting, taking "no's", following up with sellers, etc)Honesty & Integrity - A lack of these two equals the demise of your career in real estate investingNetworking - the more people you know, the more deals you can do.

To be honest, I don't know anything about the Philly market!

So this is what it's like to have a degree.Lol.Really, to be honest, I read every single word on this post and to be frank, regardless of the debate, I do feel most comments and opinions on the subject are very educational.Keep it coming and guys really don't get too uptight...

In all honesty, you guys are mostly off topic and come here to brag, and never post anything new or useful to anyone.

But to be honest, I also have no idea how I'd to choose between an agent.I'm doing ok financially, low debt, no job right now, but I have a good scholarship and a job lined-up for after graduation.

Ours includes the applicant's character: "Applicant should be a courteous person who is generally clean and well kept in appearance, and demonstrates honesty, reliability, and follow through during the application process."

To be honest, I am a little nervous adding him as owner.