The problem with Josh's recommendation (as I have tried this as well) is that you end up with the same outcome - the newbie does not follow your instructions, does not follow through, expects cash to fall from the sky and you spent your time instructing them on what and how to do things.On the flip side, if you charge upfront fro services, you are called a guru and are taking advantage of newbies.

I will email or phone you as soon as I get a response from him as to the outcome Joe.

If you recall, I sent the BLS stats a few days ago, here's a chartset showing the effect of unemployment as displayed in total "survivors".

Send this e-mail to anyone you know that has a vested interest in its outcome (hint: that would be almost everyone you know).

Send this e-mail to anyone you know that has a vested interest in its outcome (hint: that would be almost everyone you know).

Yes there has been situations that have had unfortunate outcomes but it boils down to how the pit bull owner has raised the dog.

Ill start with my current situation and mindsetIm 22, I bought my first investment property 10 months ago.A duplex in my hometown (spartanburg, sc) for 108,000I put 27,xxx down, and I currently owe 69k on it.So far I have been lucky, having 100% occupancy and only 300$ in repairs.It has generated a little over 250 dollars a month (I lose 95 a month having it managed by a company)What I have been doing is putting all of the profit towards the principle, plus adding any where from 500-1200 additional to the principal each month.My theory on this plan was hammer it, get it paid off, then buy another, do the same except id have all of the flow from the already payed off duplex on top of my additional principal payment.I was looking at having my current duplex paid off in about 3 years and 2-5 months (depending on occupancy) Now....I have done the math several times, and tried slight changes to my original line of thought and I get the same outcome every time.....It will take forever to get big returns paying them off in full one at a time.I think I was being overly safe.Rental property is what I want to focus on.I can see eventually getting into commercial property as well (still rental)Id like for some experienced people to advise me on different ways to go about this.Something id like some criticism on is what I've been thinking about latelt:Lower end properties.Im not sure if I could get a loan on 22k (for a duplex) but im going to find outBut from what I have been seing, if you can keep people in them, the yields are much better than what im getting on my 108000 investment (which if both sides are rented brings in 1100 dollars a month)The area that it is in is populated....its just....lower end property as stated aboveIm not sure what comes into play when you get in that area, and if that's where I should be looking to move to with my investments but that's why im asking(In theory I could put 25% down on a lot more 20k duplexes than 108000 duplexes, and the mortgage would be next to nothing if I could get a loan, one unit would cover the insurance and mortgage payment with ease)Wow, long first post, =PThanks in advance

Go to "edit profile" from your dashboard, click on signature, then check which items you want displayed in your signature.

I just hope that I can nail the best possible outcome by having a effective VM greeting.

God knows what the outcome would be if you had a Federal Reserve created by a group of financially illiterate politicians.