The trick is finding enough properties that are similar to yours so you can get a good feel of what true market rent is.

We went to Robert Kiyosaki's seminar when it came to Pittsburgh several years ago and just bought our first true investment property 5 days ago.

Again, we didn't stay with that.Together we have wanted to get involved with real estate investing, but it seems that the saying is more true than not that "it takes money to make money."

They make TONS of money with it, and all the "Gurus" also make a killing hawking their wares. ya that is completely true. what they tell you is exactly what you would read in any real estate book... then for the real meat and potatoes stuff they sell you something. the only real entriguing stuff was from Trump and Robbins... who coincedentaly don't try and sell you anything.

if it's a true win-win situation, then you'll work it out with the seller.the principle of substitution applies, which simply means that no one will pay more for a property if an equally desirable one is available for less.ultimately, the buying public dictates what the market will be.

Have you been inside to get pretty true comps on the others?

That's true, but then Donald did get his start close to home in NYC if I'm not mistaken.Mike

Until you have a detailed and legit account of operating expenses, it is difficult to determine true market value of the property you are interested in.

True.

I am established in my market niche and celebrating while all the brokers worst nightmares are coming true.