Keep an eye out for something coming to BP next week - a game changer for new investors.

I spend most of my time on the forums but also read and comment on blogsFacebook - I primarily use this for friends but will connect with others (ie people from BP) if I feel like I have established a relationship with them.

This is our 4th deal together so I suppose its all about establishing relationships, after all a lot of us wouldn't be in this business if it wasn't for HML and investors.PS: How is the market in Ocala compared to the low inventory here in Palm Beach?

I think it's much smarter to play the long game and make your goal to pay off the properties as fast as possible with the intent to hold them indefinitely.

It seems as if he is established in the states, and has owned his own condo for 8 years.

Given your level of question Ben and it's awesome you are asking, I would get your feet wet by trying to do some finding, or what you Americans call bird dogging for somebody who is already an established flipper or wholesaler.If you try and go straight to buying something you may get tripped up on the first simple question a seller asks you.

Typically what I do, and I don’t do flips unless the deal is phenomenal, is as follows:1.Establish the after repair value through market research. *** Utilize 80% of the ARV in your calculations.2.Establish Days on Market through market research.3.From that – subtract repair costs4.From that – subtract finance charges5.From that – subtract holding costs6.From that – subtract RE commissionsWhat is left with is what I can pay.

With the market crash a couple years ago, it became evident that investing for appreciation was a risky game, and a lot of new investors are deciding to focus on the less risky aspects of investing -- positive cash flow.2.

a small minority get rich in real estate through pure tenacity and luck, vast majority that are able to 'make it big' already has strong foundations (i.e. capital).If you're already gotten as far as med school, the smart thing is to finish it, get a real job, then use the high income to leverage low interest debts for investment.Jumping ship this late in the career game from a high trajectory track to something like real estate with no experience or other foundation is a calamity in the making.

And what's the game plan with it?