This also allows you to make better offers and instills confidence in all you work with.In the end be knowledgable, strive to be a constant learner and build a great team who have areas of expertise in which they are in the trenches everyday and leverage their knowledge.

I got started when I bought a foreclosure to live in. Still

In still looking for my first deal, I've come across a pre-foreclosure with the sheriff's auction coming up in just over a week.

Hey, please count me IN!!! Still

I'm sticking my business model in marketing myself as my normal profession as a cop, due the the know trust, morals and implied ethics instilled in us which isn't there with unknown investors.

Bravo that Scott, and also gleaned from Mike McLean's Section 8 Bible (so good Im tickled to parrot him) tell them you are the contractor and answering to the property owners.Puts you in a position to be the good guy and the nameless/faceless owner the bad guy when you have to instill hardened discipline.Also, gentle wisdom for the 20 somethings in this thread. . .

The roof looks new..Even if you have to put 5K in still good ROI...How quickly does a 2br rent in the area?

BRK has quite a few companies that it owns that depend on RRE.I think at this point in his life, Buffett views himself as a modern JP Morgan, who instilled public confidence and played a major role in stopping the Panic of 1907.

We really need to instill in the newbies that this takes a lot of hard work and just attaching yourself to some deal for a quick buck is not the way to build your reputation.

You can't instill in most of them any sence of loyalty unless you pay them well and regularly, they go wher the money is and lack responsibility.