Having a clear exit strategy will guide your investment decisions.7.

NEVER pay for a guru/mentor/guide/whatever.

Here are a few I recommend: "Rich Dad, Poor Dad" by Roberto Kiyosaki; "Set for Life" by Scott Trench; "The Unofficial Guide to Real Estate Investing" by Spencer; "The BiggerPockets Ultimate Beginners Guide" found here on BP; "The Book on Rental Property Investing" by Brandon Tuner.

They may also have other ideas and plans to guide you.

Start with BiggerPockets Ultimate Beginners Guide (free).

Here are a few recommendations for you:Read Beginner’s Guide http://www.biggerpockets.com/real-estate-investing and check out BP Podcast.If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

I think a 25% markup is fair in some cases...or better yet, just make enough profit on the entire job to not bother the client with marking up little HD trips....

One more great reason to have a great accountant guiding you like these folks posting above!!

It's called "Investing in Real Estate Private Equity: An Insider’s Guide to Real Estate Partnerships, Funds, Joint Ventures & Crowdfunding".

Hi all,I'm making a trip to KS (from CO) in a few weeks and will be seriously considering a few properties to be used as BRRR's and for mid term rentals.Question for this group:a.