My next step is to get a lead generating web site up and to expand/fine tune my mailing lists.

I am just starting to build a plan to start a REI business for myself.My plan is to have REI be my main source of income in 3 years.I have be reading a lot, searching the web and looking for as much information I can find to help educate me on the life of a REI.I recently found the BP and it has been a great resource and help with my ongoing search for REI knowledge and experiences...

I live in the Philadelphia PA suburbs.My plan is to have REI be my main source of income in 3 years.I have be reading a lot, searching the web and looking for as much information I can find to help educate me on the life of a REI.I recently found the BP and it has been a great resource and help with my ongoing search for REI knowledge and experiences...

As you are realizing it is a psychological benefit more than a financial benefit; although it is that too.I bet you could squeeze some more out of your budget and/or increase your income enough to get rid of the CC debt this year!

Check them out and I bet they know some folks working in your part of the world.Kevin

I bet you will find that entities get taxed at the state level.

@James Sinclair James I bet you would have more fun being the bank, than being the landlord. cash flow is much better let some of these young guys and gals that want to build up their portfolios deal with the 3 T's while you cash your check.Most of the Investors I work with now a days would much prefer to be the bank than own the asset..

Show up as the person who is going to eliminate these issues, and I'll bet they give you more support than you expected.

Since an increase in cash flow translates into an increase in value when valuing real estate via the income method, even junker rentals will increase in value at around the rate of inflation, like nicer single family homes do.Now, I'll bet some are thinking about neighborhoods where junker prices have either stayed flat or gone down over time.

I'd say your best bet is to visit as many local REIA meetings as possible and talk to as many people you can.