We all start somewhere so the key is to build an empire based on principles that YOU are comfortable :) We don't follow the 1%, 2%, or 50% rule but we have a business plan that works best for US.

Me and my partner are almost to the point where we can begin our wholesaling business, which will eventually turn into an empire.

We all start somewhere so the key is to build an empire based on principles that YOU are comfortable :) We don't follow the 1%, 2%, or 50% rule but we have a business plan that works best for US.

Best of luck with the real estate empire!

If I am only interested in creating a nice cash flow with a few properties but not interested in building an empire I am not understanding the advantage of financing property.

Can I begin to build my empire remotely?

You better believe that if there is another dip like we recently saw, I'll be in purchase mode in the Inland Empire/OC market! 

I agree, Im a little nervous about jumping from managing two tenants to five (I'll be living in one of the units in the 4-plex if I purchase it) but I have to do it at some point if I want the empire to grow.Mike

And those few were mostly properties that we put under contract prior to finishing the rehab.I don't have any quantitative data to back up my hypothesis, but empirical data indicates to me that staging won't necessarily get you a higher contract price, but will do a few things:1.  

Your deals, your profits, your rental empire.