Creating a strategy with the contractor to cut costs in certain areas will help you save some money without having to be responsible for all of the work yourself. 

Just to give you a simple answer, We take 15% off the top of the gross income of each deal and put that back into our marketing budget before we pay our team their cut.  

We simply collateralize the paid for home that we had.  

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Before making your 1st REI purchase please visit the link below for some useful tipshttps://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

This is actually a real reason why many businesses with a good product fail – they are afraid to focus.The solution, in our case, was to simply create a written list addressing the same questions we are always asked by potential borrowers, plus answers to questions borrowers never think to ask in advance (this educates them and also comprises most of the list).

To be more successful, you simply have to work on the other elements to progress your REI pursuit.

Trying to cut costs by finding a cheap PM is the fastest way to fail.  

To be more successful, you simply have to work on the other elements to progress your REI pursuit.

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

To be more successful, you simply have to work on the other elements to progress your REI pursuit.