I've started to reach out to people in my state that are involved or are going to be involved in the Real Estate Investing business, and wanted to see if anybody had tips and tricks on how to track the contacts you come across.

I'm wholesaling mainly in Columbus now but am going to get Cincinnati up and running again.Maybe I'll play with it again, or is there a trick right off the bat you can share with me to direct me to that search?

I've wondered if there are some creative upgrades do the trick to raise it to 1.5% after purchasing.

@Ryan Tremblay, yes, "combining the 1% rule and the 50% rule is mathematically the same as assuming a 6% cap rate for residential" DOES sound about right - for large swathes of middle America (ie. older homes, in "C" neighborhoods).The trick is to find those sort of deals where the "cap rate" would normally work out to be LOWER than 6% (ie. not so old homes, in "C+/B" neighborhoods).

The REIAs are where old timers, experienced folks hang who know whats working, the tricks that don;t make it into Guru';s talks or books.Best of luck,.  

Also, how was your experience with the bank... did they pull any tricks on you worth hearing about?

Thanks for everyone's great tips and tricks!  

@Justin Ratzlaff    Formulas are easy but getting from the formula to the real-life expenses that you didn't know you had until you're knee-deep into the project is the real trick. 

You listen to your buddy Brandon, but not me...That's alright - I taught him all my trick...most of them...some of them...OK a few

When you sell, you will owe taxes on half of the profit, plus taxes on depreciation taken previously.Again, trying to hide all of that, as your CPA suggested, is a no-no.Also, the proposed LLC trick won't work.