Here's an example chart:Age Leverage20's 80%+30's 80%40's 70%50's 60%60's 50%70's Work towards free and clearThis is just an example, but its good to have a plan and philosophy behind it.

I kinda feel famous now :) The "7 Figure" book was my sort of "personal philosophy" for investing.

I am actually a logical, forward, straight forward thinker that has the philosophy that if me and the investor makes our fair share, it can be a long term, (fruitful) relationship.There are many "nickel and dime" charges I see my competition charging that I forgo.

Marvin,There are lots of threads on BP that explain the 50/50 rule, so I won't belabor explaining that philosophy here or try evaluate your deal with limited info.

You want to have a philosophy that works for you.

I prefer people who are collaborative by nature, and show a win-win philosophy in how they communicate.

I do try to actually put away an ADDITIONAL 10% for CapEx/major repairs (roof, furnace/boiler, major repairs on a turnover...).My basic philosophy is I don't think I need to squirel away $150 for a boiler servicing but I don't want to get caught without the cash on hand if I need $4-6K to replace one.

Has anyone used this philosophy, turnkey real estate to out of the area investors?

Thats my business philosophy if the spread isnt wide enough why waste your time when you cant even drive to the store without passing hundreds of properties.

I'm very fond of law of attraction and related philosophies.