A lot of the referrals don't work out because of price of timing BUT you ask them for a referral and these referrals compound and you have 10x more connections than if you ask "do you know anyone" or just don't ask in general.I did not purchase any properties in 2020 but from my cold calls I wholesaled two properties and around $6 million of my sales came from cold calling last year. 

The compounded effect of this over say 10 years with 10 sets of residents leads to a general beat up feel of a property that is typically 100 years old - hand made millwork, non standard door sizes, lath and plaster walls - all of this very, very expensive to restore or replace.

One will be amazed at what law of compound interest means over 20++ years. 

Got it, for the rest of my life, if I read something about somebody doing something wrong, forget all about it, because if I don't, not only will I be injecting politics, I carry the baggage for the rest of my life.Guess I'll call it the "Bowing Doctrine". 

The power of compounding.  1 penny, doubling 30 times = $10,737,418.242^30

Rather than compounding effect of a Roth IRA and waiting to enjoy the funds later in retirement.

It's a buy, buy, buy, scale and compound game.

Simple, the underlying fundamental of compounding returns combined with leveraged funds, it's the secret sauce that makes REI the profit generator it is.

Let’s say you end up keeping the W2 for the next five years while building out the RE business, you’ll have likely banked a chunk of change in a tax deferred account without much effort or thought with decades more for it to compound.- mwk

Bitcoin is a forgettaboutit calculator breaking if we are talking % returns. 230% annually compounded or 20,000,000%.