. 🤪 I danced in a bachata routine in Manhattan in high school, and am very interested in the philosophy of life.

I think most importantly is to determine your investment philosophy in terms of your risk tolerance, illiquid nature of real estate investments, and understanding how active (control) or passive (no control) you would like to be as an investor. 

Hi everyone, I'm a full-time touring musician beginning my foray into investing - looking at high ROI markets in Metro Detroit (Excluding the city of Detroit itself) between 80 - 120K purchase price. I have a flexible...

If they are not and the appraisal comes in bad, then I would just walk away and look for the next one if they won't meet at the appraisal.There are many philosophies on this, my opinion is that I don't overpay for properties period.

Originally posted by @Josh Caldwell:@Charlie MacPherson - Great class, to sum up your training philosophy:1) Find vulnerable people that don't know FMV of their property.  2) Make up contracts with no sure buyer ar any money of your own to tie up the property.  3) Hire a lawyer that helps you get within 0.000000001" of crossing the line. 

You have to be able to incur holding costs with a rental in order to find quality tenants.My philosophy is simple: I'd rather have a unit vacant and not be getting any income for it, than just throwing anybody in there who comes along with some cash in their hand, then still not getting any income from them while I'm having to evict them because they weren't a quality tenant to begin with, and having them tear up the house during the process too boot!

.😥...I’m not here to bash on any wholesalers within Our Come-Unity, but I AM suggesting that maybe it’s possible to create a New Wholesaling Business Philosophy where Wholesalers can partner with what I call “Small Money Investors” who’s small funds are specifically tailored towards funding simple Due Diligence processes with the intent of earning a healthy annual return.

For wholesalers starting out - I just pass along our philosophy on almost everything we do.  

When starting out, it can be exciting and daunting to learn about all the new strategies and philosophies folks use to succeed in real estate investing.

Buffett philosophy of no personal debt if at all practical.Controlling our personal costs, such as mortgage expense, reduces our demand for cashflow and allows us to be careful deploying capital with reasonable levels of associated leverage.Do you need to begin your investment with 3-5 units?