thank you. i will check out auction.com.

Check out our "Start Here" page 2.)

I can't tell you how many times in the past 5 years wealthy business men would leave their jobs for an hour or so and come check out potential rentals to buy in their fancy suits.

Google it, and the 1st link from office.mircosoft.com should be the template you need.3. for the Excel spreadsheet, think of time progressing downwards; the further down in the rows you are, the further through the months4. to map each property, give each one 5 columns {Month #, Mortgage Balance, Principal, Interest, Additional Payment} * that is the month you're on in your repayment to the bank (1-360) * balance due to the bank * that month's principal payment (this is why it's handy to have the amortiation worksheet) * interest for that month * and what additional payments you'll kick in from the other properties.5. when adding a new property to the sheet, just list the following as headers so you can add them into your equations {purchase price, down payment, P&I, cashflow when mortgaged, cashflow when paid-off}.6. to make this all work, you take an iterative process * start by charting your 1st and only property, and plot it out so it takes 360 months to pay off * add in your 2nd property, and add its cashflow to the "additional payments" on you 1st (or have your 1st property's cashflow pushed into your 2nd .. whatever you like) * keep doing this up to your 15th (or in my spreadsheet's case, my 5th property)Some insights I've gained:* the snowball effect works!

:) You can use Google maps to "drive" the area as well as local real estate listings online.

In addition to the forums, check out the blog, podcasts and other resources offered and you will be well on your way in no time.

Hey Gary Parker, thanks for the shout out.Rachel Syphers, check out this list.

If it's on the MLS contact the listing agent to check out the units.

There is plenty of reading for you here, check out installment contracts as well

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