Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

This will give you a baseline of how much you spend per month.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

At $10/hr thats $1600/mo so even if you spend $5k - get one deal its paid for itself.

I spend money on postcards, distressed lists and a website.

Also, how much time do you want to spend doing real estate vs. your main job or extra work in order to fund it.

I think he spends most of his time on his coaching program, when he should be focused on his investors returns. 

Spend more than half of your total working hours in an RE business in which you materially participate.2.

Long story short, you spend a month cleaning and renovating, then you find a new tenant after just 15 days.In total, you lost three months of rent income ($3,000) plus paying utilities ($500).