It's a great self-motivator - it's a lot easier to say "right, next property pays the water and electricity bill" than looking up at this mountain of what it takes to become financially independent.One way of approaching reaching your goal while not accumulating too many properties is this:- Figure out your comfortable living expenses, plus some money to continue investing once you're full-time.- Figure out how many properties that would take, if they were paid off.

I like your approach but not sure the difference in monthly payments is enough to sway one way or the other.

Guys -We've got a whole page of tutorials on our start page at http://www.biggerpockets.com/starthereThat said, we don't currently offer the ability to create lists of followers/colleagues, however it is something we re-approach every once in a while.I have tens of thousands of connections and I can spin through their activity in a few minutes a day, provided I'm not going through the forum posts.

I plan to ask my agent for a list of cash transactions to find out where the investors are already buying - (to then find deals in those areas to wholesale myself.)My question to BP is whether this is a sound approach.

At the point of negotiation with this investor how would you approach it?

Ok so I spoke to the seller yesterday who wants to sell his house at $269,999 so I approached him the a lease purchase idea and he never heard of it and he said sounds good let's do it.

Is there a way to approach this?

Or am I approaching this incorrectly?

So I guess my question is should I approach the lender and let them know whats going on or if we can come to terms on the deal just do it.I would much rather Sell it outright, but I don't want to have to pay out of pocket to sell my home.

This site seems like an incredible resource and I'm glad I stumbled upon it!