They don't budget well, that's the only reason they don't have a place of their own, and that probably won't change, they're nearing middle age.

To Mark Forest , yes, it was a chunk of change, but we had it in the budget for investing in our property.

When you take into account that rehab usually goes over budget and sales prices are often a little less than hoped, there just isn't very much margin for error here.

Bottom line: it's a great tool to for entertainment but not something to use when your money is on the line.

Ive always advised my students to start in your name personally if there is a decision between getting started with a marketing budget or setting up an entity.If you have the money to do both then definitely start with the entity.

We end up cutting them half the time.I also like tiled counters if I have money in the budget to do them.

When I look at buying a new property I factor a 10% management fee into the budget; partly in case I do want to pay myself or in case if down the road I put in a property manager.Last year I didn't take any money out of my business.

Do they abandon projects if they go over budget?

In fact, I'm in town this week meeting with contractors and hope this project turns out to be well under budget as there doesn't appear to be any major work needed.

Allowing me to pursue this isn't a problem within a reasonable budget.