If you are buying real estate anywhere in the US, buy an airline ticket and visit the property before you finalize the purchase.

While I'd love to stay and chat about why everyone needs to move to a Mac . . . . time to close this ticket off and on to the next one.If you guys want to talk Mac v.

So real estate was going to be our ticket.

Btw, if you interested in attending the "One Thing" training event tonight at the De'aina Center, talk to Kassandra, she might have some tickets left.

I like Aaron's approach of keep some rainy day cash for some of the bigger ticket items.

The 2% rule will give you roughly $100 in real cash flow if you get 100% financing at about 6% on a property that rents for about $500:Purchase price: $25,000Rent: $500Ratio: 2% ($500/$25,000)Expenses, capital, vacancy: $250 (50% rule)Net operating income: $250Payment: $149.89 (%25,000, 6%, 30 years)Cash flow: $100.11 Capital improvements are definitely Non recurring expense items that should be backed out of cash flow.If you're only going to own the property for a few years, and all the big ticket items have recently been handled, OK.

@John Casmon I already got my ticket I’ll definitely be there and I appreciate the link for the whole sale forum.

Most land owners arevery optimistic where they think developers make too much money, they aren't counting soft construction costs, which is a big ticket in CA.

@Wenhao Leu cheapest/most time efficient..... get 12 deposit slips from you bank, fill out each ticket and tell the tenant to take it, along with the check to the bank each month.

You are missing general repairs and maintenance, vacancy and cap ex...all big ticket items.