This will increase the return above what can be obtained on a passive investment.The flipside of having the power to control everything is that it can be alot of work (and a full-time job if a person is putting in sweat equity).

It can be personally designed post cards or it can be letters. 

It takes time and patience, but the long-term benefits are well worth it.I’ve personally gained invaluable knowledge, listings, and deals from friendships I’ve built over the years.The more people you engage with, the faster you’ll achieve your goals!

In Georgia, for example, Personal Care Homes (PCHs) and Community Living Arrangements (CLAs) require licensing but have an application process that is more streamlined than in other states.Solution: Research the licensing process or partner with an operator who has experience in obtaining approvals.3.

First person I hired, I also had them write their own job procedures and so on.

The person who comes into money but not a lot of experience in real estate should be a little more cautious right now.So overall, I am not saying - do not buy, I am saying be careful.

I spend roughly $120k on my renovations, but this is for the entire property and developing the secondary suite which certainly costs more (2 new furnaces, all new plumbing, new kitchens and bathrooms with tiled floors and showers).All said and done, I personally love it.

That person isnt to hard to find.

I find it's very personal, and dependent a lot on your goals, resources, risk tolerance, location, experience, etc.

OTM was more a round table discussion of current events, predictions, news etc as it related to real estate, where the hosts also provide some great personal stories that relate to the topics discussed.