The trial lawyers would eat this one up.

Again, if you need someone else to push you toward your goals, you are NOT suited to being in business and quitting now would almost certainly be the best goal for that person!

I was for about a year, yes, and i know quite a few of the "heavy hitters" but in all honesty, I didn't really learn anything there that I couldn't find online.However, it can't hurt to join and network.

From a joe six pack with $1 in the bank and no assets all the way up to a individual with over $150m in net worth.So I'm quite curious about the goal of developing a net worth of $1b starting out at 0 and working up to the $1b goal over many many years.

Well, that's not quite right either.

As you get better at working with bird dogs you'll find that you have more time and money for other pursuits - like deciding what to tell your boss when you quit your full-time job and take the plunge into full-time real estate investing.

Though the 50% rule is quite good and convenient, I would rather project possible rents and expenses under different economic conditions (say expenses range from 40-60% or the property appreciated/depreciated from -5 to +5%, so that I can have a handle on the range of possible values.You are correct in that cap rates are not relevant in finding the market value of a SFR.

It is quite common for the seller to hold a note for the portion of the financing as well.

Vacant house policies do exist, but are quite expensive.

REINusa.com (Buyers - Sellers)This site has been very good to my company, we have put together quite a few deals from properties we have promoted on their site.