Targeting motivated sellers is #1.

well, as of 2 hours ago we just closed on our 2nd deal in 6 months, purchase price $351000,total monthly rental income $4150monthly expenses $91611% cap rate =thumbs upwe got into real estate to help others who want to be able to enjoy their freedom and set a more clear path towards retirement,our goal is to build our business and set forth towards our retirement in 5 years, and I want to hear other peoples success stories in the near future as well.i was first told that i'd never be able to own 1 million dollars in real estate.my next target is to have 10 million dollars in real estate and finally $100 million dollars in real estate,   get started today if you are scared, you'll never know except for hearing form others success.

Just find your target area and go for it.

I already got my targeted list from list source and now need to make sure my postcard is ready as well.

I already got my targeted list from list source and now need to make sure my postcard is ready as well.

You may find that your reinvestment target is greater than that $400k and a second property is in the future as well.Also, when you're ready to implement don't forget that a reverse exchange is still a very rigid IRS process.  

All that said even assuming the long-term rates will rise, the cap rates are a function of the local economy showing by how much you anticipate being able to raise your rents over your holding horizon to meet your IRR target, that is why an urban high-rise apartment building in St.

Once again, great post, and great inspiration to me (not yet done my first deal, still trying to figure out what target strategy I want to attack at).

Were talking our "target" kind of property that has our attention with strong rent potential and minor changes to achieve much higher rent.Issue:While in inspection were discovering there is basically a rookie landlord with a bad lease agreement with bad terms and hot issue - a minor but mishandled mold remediation and all sums up to a really unhappy tenant.

I also am utilizing a 401K at my work currently with a full 6% match (contributing 6% to take full advantage of the match) so that will continue to grow over the years as well (10K currently and performing well in a target date 2050 vanguard fund).