As we all know though, the process of a buyer making and offer, obtaining financing (assuming they are not pre-approved), scheduling termite, appraisal, building inspections, and the ultimate closing itself is not wrapped up in a day or week.

so the ultimate excuse (reality) is alot of people are not entrepreneurs and their "employee" mindset will overcome them and thus they will not ever invest in anything other than their time as an EARNED INCOME INVESTOR....and that is a shame...love your question eric - that's a keeper!

I am currently about to get into some private investing, but my ultimate goal is to form an investment firm or business if you will.

You may not enjoy your current job that much but will you ultimately enjoy real estate that much more or is it merely the glamour of possibly making your fortune?

he is the ultimate investor because he studies his prospects and KNOWS they're a good deal when he invests money. period.now, taking that example, apply it to yourself.

Make a mistake or two with your first SFH and you can survive.

Thanks for trustingthat this is a safe place to ask questions.If you get a chance, why not drop in to the introductionsthread and tell us a bit more about yourself and what yourgoals and desires are in your investing.As for the short answer, you want to ultimately be ableto own all of your properties free and clear.

I'm hoping to be able to make a few bucks on monthly cashflow but ultimately I'd like to own these properties free and clear in say 10 - 15 years.

-MMPS I'll post a recap of my experience once it's over (provided I survive it of course :D )

An element of it comes down to the appraiser's desire to survive in business.