Syndicators who brag about their instagram lifestyles without a big old pile of exits... probably bought that lifestyle with their investor's money, whether Ponzi scheme or exorbitant acquisition/management fees.That... or selling high ticket coaching items on the power of real estate.

There will be unexpected costs that come up, so make sure you give a little cushion in your budgeting for that. 5) Screening- Have a thorough and standardized screening process.

I'm also wondering if anybody knows the costs and rules for bringing in water and power to a piece of land in these areas, I know it's different for each property but is there any possible way to get estimates on bringing in water and power to a piece of land I want to purchase before actually buying the property so I can create a general budget for buikding a home.

You can leverage your money to purchase more property, you'll increase your return, you'll earn more, and you get tax benefits.Read a few books on real estate investing to learn the power of leverage.

Its powerful, and can be as complex as you want it to be.

If the power is off, you will need a generator too.

By LESS BIG-power, MORE local power.

it was not the subject matter.. it was Mike Hern constantly self promoting so the powers to be remove him and his partner from BP..

It's definitely a frustrating part of the business, especially when you're trying to maintain cash flow and unexpected repair costs pop up.One thing I've learned is that some of the more real estate investor-focused insurance companies tend to be a bit more lenient on inspections or are more upfront about their requirements before binding the policy.

It can put you at a higher risk of foreclosure if you face an unexpected vacancy or repairs.