Many newcomers spend their first few years working under a sponsoring broker, and during that period, the broker often earns a significant portion of the revenue.

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

Just my thought is the closer you get to nyc the more you’ll have to spend

You're going to have to spend a bit of time researching markets but I think picking a market you like to visit is always good. every vacation becomes a write off! 

If you're an investor Broker / Property Manger in this business you get 100's and 100's of investors reaching out to you wanting to spend the day with you while they are in town.

Hey Peter, thanks for the comment and the insight and you are absolutely correct about knowing what sells in your market, I see this happen with a lot of fix and flip projects that are just in the wrong areas, the investor gets the house for a good price however spends too much on repairs and adds a lot of luxury thinking that it will push the ARV significantly higher than the average in the area.

Simply put, there are a few ways to go about it and we will share our most effective techniques with you below.Use the Search Feature to Discover Motivated SellersWhether you’re spending time on Facebook, Twitter, Instagram, or another social media platform, the search feature could come in very handy to help you discover motivated sellers.

@Max Dauer just remember that even tho you may only spend a few hours a week actually working on them or dealing with guests, you are always on call.

(Go ahead and spend the few extra dollars for the quieter fan; then the tenant won’t notice it as much.)

LOVED it, I'm heading to Indy next month and will spend an entire month there getting to know the areas and building a team.