It’s a matter of personal preference, appetite for risk and investing philosophy.

My buying philosophy is to buy the most desirable assets I can afford which lowers turnover, draws the best tenants, protects cash-flow and yields good longterm appreciation.

I founded BiggerPockets on the foundation that people be open with the sharing of information about how they are finding success, and it is amazing how people have really taken to the philosophy of helping one another.

But, if you plan to be a real estate investor, you'll probably need credit at some point (or many points) and Dave Ramsey's philosophy will likely slow you down.So, just keep that in mind.

Since he didn't earn it, I would agree entirely with his philosophy on this particular point, which in my opinion, shows unusual restraint on his part.So, the next time you discuss poker with him, ask him point blank about it, and let us know the results of your discussion.

Since appraisals have not kept up with values, you will be expected to bring cash to the table if the appraisal does not justify a high enough loan from the bank.”This entire system now seems to violate the entire willing-buyer/willing-seller philosophy all appraisals used to be based on.

Although I didn't follow my own advice on my own rental (decided it could wait a few turnovers), my philosophy is that if you are going to jack with the shower surround, you should wall off the window and put in a vent - or a very high window (vent would be cheaper and less hassle probably).

Also, I would say that determining what you buy should go in this order: 1) Investment Goals & Philosophy, 2) Market Selection, 3) Team of people to work with and Last, 4) the property.

I made a lot of mistakes dealing with my college years, so ultimately I think I will focus on the lower rents of the area until I build my portfolio.I have been pretty successful so far on the rehab/buy & hold philosophy so far and while I rather deal with the better tenants, I know most of my bread and butter is lower rent/section 8 tenants.

As a wholesaler, I am taking on the philosophy of if you can't beat 'em then join 'em.