I'd definitely want to hurt it as EVERYONE interacting with this guy and thinking about doing business with him should be made aware of how he rolls.

Brian BurkeAre my assumptions correct in that in order to successfully use the 80% rule you have to:1) Be doing more volume, accept smaller profit margins2) Buy materials in bulk for bigger discounts3) Continuously roll crews to new projects therefore justifying a greater discount in labor4) Find an agent willing to accept less of a cut (< 3%) in order to have the rights to all your listings 5) ???

Hence the need for a mentor to get the ball rolling.

I had already been pretty successful as an investor and the money came rolling in.

Disclaimer: I haven't heard of anyone doing this, but I don't see any reason why it wouldn't work if you found the right person.A good PM has what I would call (for lack of a better description) an "authoritarian" personality type, and is able to let confrontation roll off their back.

If this market which many say is in a buble rolls over be careful.

You may make a few extra bucks by rolling in the costs to the rent, but vacancies will end up eating those gains and possibly costing you in the long run.

:roll: And to the Liberals and Democrats who keep shouting Bush Bush Bush Bush Bush.....YOU have been in charge of every branch outside of the Judiciary for two years.

You are allowed to do owner financing even with more than 5 properties in a rolling 12 month period, you just have to process your buyer through an RMLO (Residential Mortgage Loan Originator).

I spoke with an out of state owner a few days ago that lives in Las Vegas (the property I was talking to him about was in Dallas) and he told me that Liberty, Nevada, just North of LV apparently has been seeing around 30% gains over a 6 month rolling period.