I think the biggest problem with investing in real estate is actually having to manage the property you invest in.

I have used QB pro for my lawncare biz and web design biz so I had some familiarity with it.The biggest "tweak" is making your BUILDINGS customers and your TENANTS jobs.

The biggest issue is when they are good at one skill but not at the full process from start to finish.

One of the biggest, most persistent myths in this country is that there are thousands of "innocent" people getting hit with liability suits every day.

The biggest issue with builders risk addendums is vacancy issues.

carrying a balance on revolving credit is probably one of the biggest factors that affects your credit score.

Now obviously to sell to other investors means you will have to buy at a significant discount or a at non-retail (wholesale) price, but the biggest component to wholesaling is selling quickly to OTHER investors for cash.

The biggest factors in a REO price are time on the market, condition of the property, fair market value of homes surrounding it.

i was actually putting together a jv deal on a vegas casino build and the client asked me if i knew anyone with an reo portfolio, the same day another client happened to ask if i knew any buyers for an $800,000,000 reo portfolio and that began my venture into the reo world. i just happen to stumble directly into a new york investor with $3,500,000,000 in his personal bank account on my very first deal so it has been pretty easy for me when the packages are real. the hard part is weeding through the fakes and scammers.

You will have to repaint when they move and carpet won't last past 4 years.The $450/month guys pay in cash, they can't get a checking account, they may move in the middle of the night, they don't care that the dishwasher quit and you will have to fix sheetrock, floors and paint when they move.The biggest downside on the lower priced houses is that an electrician costs the same now matter if he's working on a $100K or $25K house, and appliances may cost less, they aren't free in that end of the market.So it's a trade-off of income versus expenses and hassles.Now let's look at selling those houses.