Having some kind of system, any kind as long as you have one, along with lead generation to locate your sellers who need to sell, not want to sell.

Or is that the pipeline generated throught years of being in the market ??

For example, my initial goal was to generate $10,000 per month in spendable cash from my rentals.

I COULD handle getting some SMALL loans and absolutely slam the market with ads for my reglazing company, but I am too scared to risk the debt if it fails to generate enough work to cover itself.

You might as well play the stock market, at least you won't have any tenant headaches.What I'm trying to say, as well as Mike, is that investing in properties that cash flow well, bought well below market value, is a proven method of generating wealth in ten years or less.

This should generate some experience for me and should also provide a somewhat stable income which I can use to start some of my own investments.

If your mortgage costs you 6% and you earn at least that much from your investments, then you can easily generate enough income to help you handle the new mortgage payments.

They're obviously wrong, since it hasn't sold at $550,000.Commercial properties are typically valued based on the income they generate.

I have a regular job with an annual income of ~60K and a credit score of 740 albeit of limited duration.My plan is to use the VA to finance, perhaps a duplex that will allow me to get my foot in the door to generate capital that will allow me to do it again, twice or thrice in a year or 2, until I have the capability to pay cash for distressed property.I have d/l'ed all the BP podcasts , purchased the " Book of estimating rehab costs & Book on flipping houses & Inspecting a house by Rex Cauadwell " per suggestions here.By this time next year I would like to be living the above plan and be well on my way to my 2nd property purchase.All comments or criticisms are welcome.

We have acquired 2 currently which are both rented out and generating income.