In fact, even if you are already in business, chances are you don’t have an extensive cash allocation earmarked for promotion, or you’ve tried many different advertising approaches and vehicles and haven’t hit on a really successful campaign yet.

However, over time, your expenses should approach the 45% to 50% range.We've had many people on the forum that have claimed that their expenses were lower than this, many times ridiculously low.

He was actually right on the money with this call.I'd say we are at level 4 rapidly approaching 5.

If real estate agents act a little more like a financial planner and show homeowners what they know and approach the transaction not from a standpoint of making money primarily, but offering help to hurting people, they can hook homeowners up with investors who can buy through short sales or whatever.

3-How can I approach a seller?

My approach reduces those "surprises" significantly.

We need to explore additional approaches to prevent tens of thousands of unnecessary foreclosures in Arizona."

I assume we would get an offer, then approach them with the sales price and offer to pay a portion of the shortfall.

I am starting to see distressed condos listed retail, in incredible neighborhoods, with good schools, that would rent at break even (paying retail) using the 50% rule.

I personally would not do a deal like that, as my return is reduced dramatically and my cushion is absent.The income vs. value approach you mentioned is not only valid, but the exact reason for the dramatic bubble burst here in CA.