Termites won't come out of the ground to eat the poison in your petri dish.

I like Ohio.. the deals are there, but it is a dog eat dog market and it's hard to know who to trust!

Real investors who understand that this is a business and that businesses need to make a profit to stay in business need to buy at steep discounts in order to be able to eat.

more $ isnt the issue, just finding a deal / getting myself to DO it is...the thing I didn't account for w/ this though is a management fee, this would be an easy one to manage myself, but if I decide that's not something I want to do after a year and want to pay 10%, that eats up pretty much all the cash flow in that deal.

If I form an LLC, the rates on long term rental loans are higher, which will eat into the cash flows.In a recent episode of Real Estate Rookie, the mother-son duo used hard money as first-time investors without an entity.

We can arrive at lunch after seeing a couple of properties, eat lunch, discuss the properties and then go see a couple of other properties.

If so, this could seriously eat into your profits and even cause you to be upside down. 

One tenant decides not to pay can eat up 2-3 months worth of lost rent, plus court costs, plus damages, plus time vacant while you make repairs. 

It's only a stepping stone to break free.While you are slaving, eat ramen, roommate up or live in trailer, avoid Starbucks and tuck every dollar you can squeeze out into a bank account. need 20% down and money for materials. so for 80K home (trashed), you will want 35K banked to get started, just a rough idea.Then, get pre-approved.

Here’s the secret ....You have all your tenants on a month to month lease . when you show up and see Fido the super hero service dog . ..You tell the tenant to lose the mutt ...When they go on a tirade about how they We’re mistreated as a child  ..have ptsd and got a certificate for their “ service” dog ,I just hand them a no renewal paper telling them to be out in 30 days .they can go live with Fido under a bridge somewhere eating out of the same can of dog food as far as I’m concerned