Here is a summary of each propery:Property 12 story DuplexPrice - $160,000Purchased: February 2013Monthly rental income - $2600 ($1,300 per unit)Property 21 story triplexPurchased: March 2013Price $155,000. (115k purchase price with $40,000 in renovations)Monthly rental income $3000 ($1100 each for 2 units, and $800 for 3rd unit)Property 3 (incredible deal)2 story triplexPurchased May 2013Price $172,000Monthly rental income: $3450. ($1250 each for 2 larger units and $950 for smaller unit)To sum everything up, we have invested $487,000 and we are making $9,050/month in rental income.

@John Fossetti Yes this site is just incredible.

Hey @David Moore the meetup went really well =) We had ten people attend and I did a presentation on what techniques I use in wholesaling.The group gave ideas and spoke about some of their strategies as well.We answered a handful of questions too!

This would not be subject to UDFI and benefits incredibly from the tax-sheltering of an IRA; unlike rental income, private lending has no depreciation tax shield.If you're focused on rental properties and don't want to entertain private lending, calculate the after-UDFI return on your rental property investments and see how those compare to your other IRA options.

I also always take a contract with me with blank price, same as others have suggested.As for talking about money, I'm a firm believer that it's important to know techniques but it's also important to use words and phrases you're comfortable with or else it will come off sounding awkward and artificial.

I'd also suggest that whether you decide to flip home or undertake some other REI technique that you focus on it until you are excellent at it before trying to branch out into other areas.Good Luck!!

You have an incredible rate on the current loan but financing is still really cheap so I would not be that afraid to sell/refi if there are more profitable properties to invest in.

So be as politically correct as you want, but it is an overwhelming smell that is incredibly hard to get rid of. and it also discolored, stains everything in sight.

I understand the idea of wholesaling, the techniques to close, marketing, and finding/building buyers lists.

i didn't have exactly what they wanted in my inventory and could not find exactly what they wanted in the MLS inventory either.I've used this technique where I find a house that is exactly what the tenant is looking for and if I don't have one in my inventory, then essentially the MLS becomes my inventory as if there is anything on the market from the thousands of properties in the MLS, I can buy it and rent it to this specific tenant.