12 Solid Rules of Real Estate Investing

1. Real estate is a long term investment
2. Cash flow, cash flow, cash flow
3. Do not let your emotions get in the way
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Hello BP!  I've been a pro member for about 6 months now and am proud to announce that I have officially closed on my first deal - a duplex!  The gameplan for this thread is to chronicle my progress through the rehab,...

If you were to make $20K on a real estate transaction would you use it to pay down existing debt such as a car loan or credit card debt, reinvest it into another deal, or a combination of both?

Some questions that get posted in the forums have no "right" answer, but rather just different approaches. In other cases there is a clear right and wrong answer. In those cases where there is a clear right answer, wh...