If not, here is a link to it, and I suggest that you spend some time reading it: https://www.biggerpockets.com/forums/52/topics/17612-where-does-the-5-rule-come-from-If you use the 50% rule as a guide,which includes Professional Property Management, you're losing $$$ every month.Even if you manage the property, it drops down to about 35% a month, still losing $$$ every month.Raymond

Get ready to spend $50,000 on your direct mail marketing campaign and stay positive throughout the whole process and just believe in yourself that one day you will find someone who's willing to sell the house for 50% retail!

Because I was self employed already I could spend time doing real estate.

Yes, it will be really really frustrating to work with banks and lenders who hear "musician" and think you spend all day on the couch smoking dope.

This is our first rehab, and we are kind of looking at it as our practice rehab before buying a property to fix up and flip.After buying our first two rentals in 2010, some problems with extended family hit in 2011, and it wound up being a drawn out and expensive ordeal.

.: Read every real estate book I can get my hands on, listened to self development & goal setting audiotapes (Brian Tracy specifically), and spending time here on the forums.I believe it you have to develop a burning desire to succeed in this business, and there are ways to cultivate that with goal setting, affirmations and reading/learning about the principles of success.

I embrace this segment of cash flow as a largely untapped superior investment opportunity.I have not pursued spending time trying to develop ways to invest where there are known restrictions of ownership – in this case, renting the property.

I think you spend about 20 hours per year per unit.

Hello, I've been spending some time reading in this forum and decided its time to ask a question.

Yeah, I've got my paper.So, I got my data all set by the beginning of this week, and I've been spending the rest of the week getting my first 80 yellow letters formatted, printed, stuffed, stamped and posted yesterday (those out-of-staters I was talking about) and my first 360 mass-mailed postcards printed and aimed at my first target neighborhood today.