A special relationship is therefore created.

.* Having a good relationship with your tenants by making them happy while still being firm but fair.

Thank All and I hope to meet and establish great relationships.

It can be an excellent source of knowledge as well as a great way to network.

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 should also start attending local real estate investor groups to connect with other investors and develop relationships that will help you as you move forward.

Yep, just like Joel Owens said.I had a potential partner who wouldn't sign a non-disclosure, and there's where our business relationship ended.

You want the long term relationship that works for both parties.

Hi Wendy,Because the sellers might have a long relationship with this agent.

It seems like I need to start generating some relationships like you and Marco said.