They use the 4% rule (25 x annual spending), to determine when they can retire early and live off investment income.

If you are new I’d spend the next 2-3 years saving money building up credit and learning via reading and podcasts to figure out what you want to do in real estate, flips, buy and holds, buy notes, private money lending, or anything else because there’s dozens of ways to be in REI. 

What helped me get passed the expenses part of the buying process was actually figuring out exactly how much you would spend in expenses. 

I started my RE journey a few months back after spending some time on BP and reading books to educate myself on best practices.

If your deposit is $15k you going to spend $15k in fees to get it?  

It's nice to hear a sponsor spend an hour talking about their business and operations, and less about the specific contours of a deal.Obviously they are still in pitch mode, but I think it gives you a better idea of the principles they employ.

Sometimes I probably spend too much time focusing on it, but its taken me to a better place so I'm gonna keep doing it!

But there are more lucrative ways for agents to spend their time too.

I told myself I'd be an Orthodontist and eventually reach my DREAM of retiring early and being financially independent so that I could spend as much time with my future family as possible creating memories.

I really enjoy the time I spend in KC!