Originally posted by Richard Hannah:I know I am late to this discussion but I still wanted to put my 2 cents in.

(Richard was first given name.)

Richard & Nationwidepi- Not only are these good points, but they are ones I can agree with!

I agree with Ryan Richard that you have to define your goals before hand.

Hello Richard, you can learn the system with the initial purchase, and remember it works with any property, not just foreclosures, the important feature is finding "motivated sellers".

Read Richard Koo's work on the sectoral balance approach.

Welcome to BiggerPockets, Richard!

'Dollar Crisis, Consequences and Cures' by Richard Duncan is a WONDERFUL read that tells that we will have a Housing Slump (the book was written in 2001 and revised around 2003 to include remedies), banks losing their confidence on consumers, consumers being savers than spenders leading to Deflation around 2010, how other countries will lose confidence in our Country (as this being the customer for other countries in the world) and how we can get back in business if certain remedies are initiated by the government(s) all over the world...CheersRam

@Denise HolderPeople usually over pay when emotionally attached to a property so beware.

A book about mindset I recommend is Go for No Richard Fenton and Andrea Waltz .