I might not close 3 deals in a month but I am working on 5 to 10 million dollar transactions that take longer in scope.I could see asking that question for a buyer looking at 50k properties.Presenting low offers that are not close to market would be a NO for most busy brokers/agents.Again when you are in demand a broker/agent can set business model standards to go by.A newbie just entering the business has nothing generally so they will do a "numbers investors" bidding hoping to get some crumbs on a small sale.

Once the first milestone is achieved, you set the next milestone. as the old saying.....the first million is the hardest.To embark on this rewarding real estate journey towards your goals and dreams requires commitment.

You gave the example of your aunt giving you 100,000-well she would have to have an annual income of 1.2 million in order to give all of that to you in exchange of securities in your REIT.

I've gotten several million frequently flier miles this way over the past 10 years.  

Hello, first post on BP...A little of my back story... I have been in the building trades for the last 15 years and Im quite good at what I do. I also have played poker for some side income for about the same amount o...

I had planned on working another 5 years, but with a 1.2 million net worth (exclude a couple hundred thousand after transaction costs if I sold) and the corporate world getting worse, not to mention the fact that I wanted to do geographic arbitrage to retire anyways, I'm looking at pulling the trigger sooner.I've looked at Tampa and Las Vegas, and have visited LV twice in the past few months.

While that area by no means scares me away, I certainly prefer properties West of College, where your average 4 BR/3 BA house routinely fetches $1,800 in rent and will sell for around $200,000.

I suspect that if the building is formally valued, it would be about 12-14 million.

Both of those experiences were informal to say the least.My real estate goals are to be a leading agent in my area by sales volume and starting a multi-million dollar interstate rental real estate company (buy and hold primarily).

Multifamily Millions: David Lindahl5.