It takes more dollars now to buy the same house a year ago because of the purchasing power of the dollar has been eroded.

By letting the other person speak first, you define the midpoint, which gives you much more power than the anchoring principle would.Plus, there’s a chance the other party’s offer will be even lower than what you would have offered: you never want to negotiate against yourself, and by waiting to see what the seller asks for, you eliminate this risk.For the best results, come in with a goal price.

Read a few books on real estate investing to learn the power of leverage.

I am looking to pull some equity out of my NC home for purchasing power on the next investment property my wife and I decide to purchase.

Now, imagine what that could look like if you were buying $20MM or $50MM apartment complexes.Please note that the example above is shared just to show the power of this strategy, not to suggest any specific tax guidance for you personally.

All cash is a good segway to get the deal done, but ultimatley you will want to maximize your buying power and leverage that with a little debt.

Where the work is over whelming is getting finish contractors on a larger rehab.

I'm in the process of my first large renovation (beyond cosmetic), and I'm feeling a bit overwhelmed by all the choices & decisions that need to be made.

On the Agent side i use mailbox power and am pretty satisfied as you can also send brownies coffee mugs and other treats which i have found really do stand out from the crowd when somone is getting a ton of direct mail.

Although it's a strategy that's good for beginners, there are plenty of very experienced RE investors who continue to HH, because it's such a powerful strategy.2.