_r=0&abt=0002&abg=1Here’s my synopsis: We are all involved in real estate because we know how to, or we are trying to learn how to, generate a secure and attractive rate of return on our money.I regularly double or triple my money or more buying and selling vacant land.

For me I would rather be a little more active and generate higher returns but it definitively comes with more required understanding, more learning and more things to watch out for. 

And it's not just a generational way of thinking either, it's been that way for 75 or 80 years, since we adopted rules of the game. :)    

For example, suppose each property you buy generates a net cash flow of $250/Mo.

You don't need all of the marketing materials that others have and can save yourself a lot of money by putting them off until you start generating a profit.  

Steven, I have been working on a rehab cost estimating calculator that is algorithmically based (meaning it does not require very much user knowledge or input to generate a ballpark budget). 

Teams can certainly generate big money.

I would like to flip homes, and eventually have a handful of free and clear, buy and holds that generate $1000-1500/mo each.In 2001 I ordered a Real Estate Agent course online that was going to prepare me for the state test but at that time in my life I wasn't as dedicated as I should have been, so I never finished the course work.

In fact, my parents rented their whole lives but I've learned it only takes one generation to build wealth and it can last for many generations if you pass down both a financial legacy and an educational one.  

In the end, the properties have to generate decent returns (i.e. usually cap rates on real NOI>7%).