Know your numbers, make smart calculations by removing guesses, and leverage. 

Continue with the education, but I would also say to look into local investor meetings.. the members will likely be happy to help you with some documents they have used locally in deals and a bit of guidance.

Hello BP Friends, I am looking into leveraging our FTHB status.

In regards to rentals, i took the last year and condensed my portfolio and sold off some rentals i had purchased before the recession that have been negative income for many many years now, so i am out of those positions with the equity at almost a break even, because i feel personally that the next few years the pricing movement isn't sustainable and its going to shake up the market again, idk if it could call for another recession, but i feel it needs some correction soon.Im very tempted to just hold my cash now for the rates to rise in hopes of the prices to settle down and instead of leveraging my next deal, that i would just flat out pay for it in cash, because then i dont have to worry about the high price of mortgage interest eating into my passive income, i know this is against most, but i feel like investors in my area just pulling bullcrap deals together and rehabbing them for nearly no profit, just to stay busy.

Hello All, I have been off this board for a while, i been out of investing for a little over 2 years for various reasons (career changes, and divorce) and i feel like i am in a good place financially to invest again, so i wanted to get some opinions.4 years ago i got out of the Military and became a Realtor, i worked as a Realtor for a while, but i never really made decent money and worked my butt off, i barely managed 25k/yr, so i decided to make a change to my life and went back to school and now i am a Registered Nurse after going through a fast track education program.

As out of state investors, my partner and I have extra costs that local investors don't always have to account for (IE: local can self-managing, access a local handyman, leverage existing relationships, etc.).

A stress test spreadsheet is something they should certainly add to the forms section of BP although I think the exact people who need it most: the high leverage, perpetual appreciation crowd, will never use them

Either way, David Greene's book on long distance real estate is a great starting point to learn more about how to leverage systems, relationships, and technology to allow you to invest wherever the best investment opportunities are.

Using leverage and little down can result into multiple property losses when tenants can not afford to pay and you have little means to sustain.You need a CPA advice to determine what is best for you.

We are moving out in two months to finally cash flow the property and will be leveraging the equity to find the next deal.I grew up around rehabs as my father and stepmother as they rehabbed 13 properties in the western NY area.