Like many people say on BP, it's just another tool to have on your investor belt.Cons: I can speak from experience on this one.

My preference are the copper rings that you crimp with a tool that looks similar to bolt cutters.

It depends in your state what tools you can use.In Georgia, for properties that have loans against them, your toolbox includes:buying on contract for deedbuy on subject to with or without a notebuying on a wraparound mortgageControlling with a leasecontrolling with a lease plus optioncontrolling with a lease plus purchase and sale agreementcontrolling with a master leaseYour exit strategies can berentingrenting with optionrenting with sale and purchase agreement delayed in the futurerenting with ROFRIt's so important you understand basic financing both FHA and conventional.

BP is a great tool for learning and connecting!

The investment into education and knowledge in general is priceless and generally less expensive then your first potential mistake without having it to begin with.Second step in the knowledge process is, after the foundation knowledge is set and you understand the acronyms in the industry, street talk, construction lingo, valuations, exit strategies...then you can add to your tool-belt some items that may facilitate a further analysis like spreadsheets, apps, etc.Real Estate Investing is a TEAM Sport, and to try to understand everything on your own to the point that you feel comfortable to then act is an unreasonable expectation.Surround yourself with a strong Team, an experienced Mentor local to you, have that foundation education completed, put that tool-belt together and then act on a sound opportunity.NOTE: Wholesaling gives you an opportunity to practice what you learn, gives you an opportunity to vet your Team and affords you the opportunity to valuate the property without risk to start with.

Also, craigslist is great for large items like doors, cabinets, countertops, vanities, etc… and even tools!  

Another hat I wear being a physician, which are just as horrible at standing up for their rights from a political standpoint.

Hello every body .just upgrade to plus for now and new to the BP .really exited for all the information and tools that this website offers .especially the opportunity of socialize whit people like me who just started .

The calculators are just a tool.

I have generally been using the @ mention whenever I am speaking about a particular member such as @Joshua Dorkin . That way other members can click straight to the individuals page and my references don't seem vague ...