We've started looking into real estate because we want to use our valuable time to invest in our kids as they grow and invest in our local community through volunteering, not spending all of our time working 9-5 for the next 20 years.Our goal with Bigger Pockets for this year is to determine our plan for investing, and then make our first purchase.

So when you need to go check on things, rent units, meet contractors, etc, you're jumping in the car for 6 hours, spending 1hr there, and I'm thinking after a full days's work. 

They'll spend a lot of time warning up and getting back into the groove.

Spend some time considering how the repairs will get you a return on investment.

My mark up is always lower than the direct lender because I don't spend money advertising during the Super Bowl or buying a private jet for my CEO, and we don't have layers of management we need to pay.

However, I’ve witnessed cases where the investor went “all in”, spending and losing many millions.  

You’re going to spend hundreds replacing the fridge and then spend hundreds per year on bottled/filtered water instead of paying a plumber a couple hundred once?

This is going to keep your bid honest, rather than lazier and keep your cash position stronger. 4) The only time you spend in this, is finding & closing on the quality assets and playing devil's advocates for repair/rehab/fixing costs.

The five people you spend the most time with will influence you.

Many voucher holders also work and so sometimes they will have a higher amount to spend than someone who doesn’t work because they can pay up to a % of their net income from the HA’s calculations, often 30-40%.