Multiplying gross rents by 50% is hardly constitutes due diligence, but we can pretend it is to conclude this thread (I think this will be the last time I speak up on this matter---I'm tired of fighting off the cronies and "experts" that have read a book). I

As an investor, you have to protect not just your future assets , but your private pocket book..:)I have friends who have had great success with getting involved with Investment Companies at first to learn and understand the market and how it works, then they branch into opening thier own property management company, then creating thier thier own little REI groups.I think it is something that requires steps and plenty of education.

The Home Depot "Home Improvement 1-2-3" (orange book) is a good general resource.

An interesting book is "The Innovator's Dilemma" by Clayton Christenson.

One strong indicator of an amateur, at least in my book, is when a supposed investor makes assumptions on how the deal is going to work out without any investigation into the specific situation.

ARV= after repair value.gotta go, chat with you L8Renjoy your free e-book. I

PPCCoach also has a media buying coaching program that is a reasonably priced monthly membership fee (and his book is incredible).That model requires very little time once you've been educated on HOW to work it, and it will make you enough money, with little enough work, that you'll have the time and money for REI.

By any chance is there any more tips that I should be focusing on in re to the CA Salesperson Test, such as Glossary of terms or any specific chapters of the book ie Practice, Principles.Thank You,ps.

Scott's book is awesome and you should learn a ton from it.

Looking for a valid link to Brandon's 7 years to 7 figure wealth book.  I