The market is red hot right now - be very careful with your deals and don't buy because everyone else is rushing in.

I know they are sexy and new, but you don't want to live on the edge...Thoughts, Chris?

Many investors start off "too hot" and either overdevelop their first property or spend their money too fast - either of these behaviors will shut you down, and you won't even be able to fully realize your short-term goals.

Many investors start off "too hot" by either overdeveloping their first property or spending their money too fast - either of these behaviors will sink your ship quick and disable you from even achieving your short-term goals.

Give you the wherewithal to pursue and achieve your long-term goalsMany investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals.

Give you the wherewithal to pursue and achieve your long-term goalsMany investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals.

Investors just starting out buy guru stuff and obtaining coaching that leads the investor into hot water with the IRS.

A few months are spent learning, a few month marketing, a few months analyzing deals, and other months placing a buyers list together and finding deals that are hot to them.

is it just when you run the hot water?

Some auction sites want 5%-10% down.When it comes to private sellers in a hot market, a larger check seems to make a psychological difference.While I don't wholesale, I think $100-$500 should be ok.