![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2504159/small_1677457893-avatar-beccaf6.jpg?twic=v1/output=image&v=2)
27 September 2024 | 16 replies
Interestingly only talked to a few health care workers (physicians, pharmacists, RNs).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3090446/small_1726684549-avatar-antonioh95.jpg?twic=v1/output=image&v=2)
23 September 2024 | 6 replies
Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/617168/small_1621493899-avatar-denniss47.jpg?twic=v1/output=image&v=2)
27 September 2024 | 27 replies
Interesting take.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1031497/small_1621507803-avatar-ricka36.jpg?twic=v1/output=image&v=2)
4 October 2024 | 2 replies
This final determination based on various factors such as condition of property, location, and bedroom/bath count.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/658273/small_1621494863-avatar-chrish219.jpg?twic=v1/output=image&v=2)
23 September 2024 | 16 replies
Aloha @Chris Heinmiller - Being a technologist and a real estate investor, this package isn't that great.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/141384/small_1694556709-avatar-olguy.jpg?twic=v1/output=image&v=2)
28 September 2024 | 14 replies
You are highly respected on this forum and your reply is very much appreciated.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2878736/small_1700428893-avatar-beckys48.jpg?twic=v1/output=image&v=2)
27 September 2024 | 8 replies
This would change the qualification for the property.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/582047/small_1640927311-avatar-gulliverr.jpg?twic=v1/output=image&v=2)
24 September 2024 | 7 replies
Then I discovered RHAwa.org which for $110 a year you get access to their attorney created lease agreements along with several addendums (bed bugs, crime free addenda, smoke free addenda, notices).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2079462/small_1695937041-avatar-michaell1302.jpg?twic=v1/output=image&v=2)
28 September 2024 | 8 replies
This is still a general rule of thumb so it won't always work.