When I started in the JR business, I floundered for a while reading up on everything I could get my hands on, studying, learning until I got to the point where I was on information overload & just dove in.

Phillip has great insite reminds me as a saleperson that everyone we do business with is a potential client handing out cards.

He explained to me that fundamentals have been outta wack in this business since the early 90's when easy borrowing and easy money began to get out of hand.

So with that being said if your properties are cashflowing well I would think that debt to income would go hand and hand with what you collect.

But I always open a letter that is hand-addressed to me.

It wouldn't hurt to provide a handful of leads and see how they do with them though.

You can ask other investors in your local REIA, search the MLS for homes listed as potential short sale, or do your own yellow letter marketing using a pre-forclosure list.You will likely need cash on hand to catch up the mortgage and/or give the seller money to move.Hope this helps and good luck!

If you were to say that you look three months back for cash on hand and want 10% reserves, you can bet someone will "borrow" money from dad, drip it in the account in small increments and come see you three months later.2.

The time has come to expand my horizons and take my financial achievement into my own hands.

@Shannon Xerri I devoured every book I could get my hands on.