In fact, I am sure that "your reality" offers far more evidence that proves true than "my reality" (most or alot of people do fail in real estate), but to the select few out their that realize that this is not our practice life, and cannot wait around for 45 years till retirement, I would highly encourage you to start following your real estate dreams today.Yes there is a decent learning curve to real estate, and market conditions do change, but a good investor changes with the seasons, just as no farmer plants his corn in the winter, you need to adjust your investment ideas to meet your market conditions.

Your attitude is not determined by circumstances, but by how you respond to your circumstances.Any challenge facing you is not as important as your attitude towards it, for that will determine your success or failure.It’s how you react to events, not the events themselves, that determines your attitude.Copyright 2007 http://www.yourdailymotivation.com Reproduce freely but maintain Copyright notice.Comments:Living by this principle takes practice on a daily basis.

The Fiat money system= Fed prints paper calls it money sells it at 6% to the Gov. who gives them more paper T-bills.They print 10 M loan 100 M with fractional lending practices (more money from nothing) thereby giving us loans with interest so we pay them more for there nothing.So we don't invest; we work to pay our debts but work hard so you can get good credit so you can owe us more interest & we can keep you working for us to pay it off.Are corpoations Fascist entities?

If you find a 50% property, you are going to be practically assured of doing well with a rental.

I am a broker and 11 years in the business.I am telling you this because I have seen it all practically over the years.I focus on larger commercial deals.7% is VERY COMMON here especially if you are buying what I call the low end investment properties ( sub 100k houses ).

It didn't say anything about how long you had to stay for the FHA loan in this article, but it definitely highlighted a lot of the practicality of starting with MFHs!

Practically no maintenance and you can get your investment back in 10years.

Now we are finally able to analyze the neighborhoods, see properties and get in touch with actual investors/companies/realtors in the area.Secondly, I would make sure that you are set up and ready to go, practically speaking.

that being said Philadelphia is where New York, Boston and D.C. money is flowing... so is the culture, restaurants, industries, etc. 

Your ability to evaluate a deal correctly cuts their time in half in going out and finding a deal themselves so you have to basically think like an investor who will be buying the property from you .Of course your focus should be to build your buyers list but remember your list will get very short quickly if deal evaluation skill aren't up to par so practice deal evaluations constantly with properties on the mls to hone your skills good luck