I believe 5% is arbitrary or part of their much larger context regarding diversification, as I frequently see figures like 5%-10% used when discussing the maximum amount of your portfolio that should be invested in any one stock, sector, asset, asset class, etc.Another thing to realize as well is that followers of Dave Ramsey and followers of BP seemingly approach saving and investing in very different fashions but both can work and provide growth and financial stability based on the the person and their situation.It's up to us to determine which school of thought, or combination of the two (or the countless others, for that matter) is the best fit for ourselves.

@Katie Miller im a newbie at the moment in my “accumulation phase” I call it gaining knowledge and capital I’m working a decent hourly paying job saving as much as possible (I’m literally eating rice, beans, and chicken everyday) I’ve watched countless Brandon turner podcasts I’m not into books too much but I’m getting rich dad poor dad soon because it has been mentioned so much even on other podcasts I listen to so my goals would be to read and finish rich dad poor dad and to read more books in general goal 2 would be to develop a full scale frugal lifestyle until I reach where I would be comfortable financially goal 3 would be to get into my first multi family property before fall of this year goal 4 is to be on my way saving to either buy my 2nd property or have the 1st fully renovated.

Instead, it goes straight to local businesses, where it goes on to be earned and spent countless times.For example, our daycare center brings in probably 20k a month in public assistance money for low income families (it's in a nice area, but there are still a ton of people on this program).

Countless publications have written about this, and many publications have praised the well-rounded suburb that has been exploding in growth.

Thats it.All that stuff on how THEY do it, ... most of the time it is very little actual and a whole lot of theoretical and self admiration disguised as tips and how to.Now, I have watched just a few podcasts and when I did watch I didn't stay for long, so this may not be accurate but this is the opinion I have based on several random podcasts I tried to watch... so take it how you want it it is meant to give you a blunt opinion of a BP user that really did try to get into BP podcasts.I can tell you that there is not much focus on the CORE of investing, just personal opinions and I honestly can't stand personal opinions especially when they are disguised and packaged as "this is an other way to get successful" when I honestly cringe when I see COUNTLESS of investors (all over the net, including BP) on podcasts completely butchering lead generation... let me tell you som som.. lead gen is the CORE of investing!

I’ve helped countless OOS investors that had this issue with their PM in one way or another.

Guess what - most wholesaler wannabees in BP are punks, as referenced by countless threads.  

After watching countless hours of YouTube vids on wholesaling, I'm looking to get in the game.

There are countless threads on there about exactly that @David Nemrow, many of them in the last month or so so just search initially. 

You can get a lot of value from local chapter meetings, but more important the Broker/Owner event and National event they offer annual is worth countless dollars.Welcome to Property Management.