One friend paid 5, 000 for a RichDad Coaching, what a waste.I have many times wished I had hooked up with someone successful locally, and paid them five or ten grand, or worked for free to learn the ropes, instead of spending it on the boot camps learning a few things I needed mixed in with days of stuff I was not interested in and afterwords being all excited to push projects and having nobody to ask when I ran into problems.

I don't have too much money to spend on advertising.

Renters refused to spend their money on what is clearly landlord's fault.renters' treatment One of the guys was supposed to leave for good one morning, even though landlord was coming next morning before tenant left, he tried to "play" the situation.Tenant cleaned the room, no damage.

Hi Alice...you've gotten some good advice above...I'm going to echo what Karen said about about spending some time working on improving your credit score.

The more flexible you are the more wins you'll have.It's much like anything else, you can run an assembly line bulk purchase and salvage business or you can cherry pick more profitable deals and spend more time turning them for a profit.

Regarding the home purchase, we certainly ended up spending more than we initially set out to when we started looking a few months ago (amazing how your budget creeps up as you start looking), but to live in an area we love (with a parking spot!!)

My first 8-10 deals I intend to spend A LOT of time reviewing possible property's to ensure that I'm doing everything correct and so I can begin to grow the best reputation possible with my investors.

The next step is to read, read, read, read, read and read some more...There's a lot to learn, and if you spend a couple weeks reading (BP is a great place to start), you'll start to get a basic understanding of the industry and can ask questions to help fill in the blanks.

You really need to spend a couple bucks and get professionals in your area into the property and get their advice and dollar amounts.Foundation is more then cosmetic and probably the most important issue you need to address first, its not just fixing it, you would need to figure out why it had issues too.

Evaluate if that's where you want to spend your money or if you have cheaper and more flexible options.