I have been religiously listening to BiggerPocket podcast for over a year now and I’ve finally decided to finally begin using the forums and attending webinars.

I would be a first time home buyer & I understand I can get one now, but my belief is that a recession will come and see some type of drop in prices.

If he is truly in belief that the property is worth $700,000, have him order an appraisal. 

And it may be that some people are very successful in other areas of life, but real estate investing is a completely new area for them and so they do not have a good self image of themselves in that area.I recommend reading "Letting Go" by David Hawkins to help with letting go of the self-limiting beliefs that you might be telling yourself unconsciously.

Usually, most residential zones will allow for various types of uses like daycares, assisted living, religious buildings and so forth.

Contrary to popular belief, this is not set because I believe it will give me a higher return.

The problem is, when I ask people why they believe that, or what they are basing this belief on, they usually can’t come up with many objective facts to back it up.”

- get collateralized credit card (no more than $500), pay in FULL each month, religiously!!!

Next Steps:Reading through countless BP articles and being a religious follower of the BP RE podcast, I knew that I needed to develop some strategy before just taking the plunge into RE investing.

The widely accepted belief is that a tenant will buy a policy, show the dec page to the landlord or MGMT company, and then immediately cancel it.