A) It's not exactly what he said orB) It's BSThe big guys 25+ years are still all quite fat and happy with a ton of debt and units.I'm not doubting Dave at all, since about 80% of people mis-handle debt and a cash-only budget is what they need.However, if you understand the power of using OPM money (ie you borrow o$1 at x% and get a return on it >>x%) it is a major tool in growth.Now if you're 60 and unwinding, I understand. 

Just asking as a novice person reading this trading naked would be a risky bet.Since the volatility is so high, spreads are pretty fat right now,but don't know when it will drop to grab the premium ;)----For the other answers,  we are in an unchartered market.

Take a client to lunch in their BMW, then go to a couple closings to collect fat commission checks.

Cell phone is in the signature 👇🏼

i see a trend here of mailing white letters for probates which im all for. however if you happen to have the persons cell phone number how risky/insensitive would it be to send a text concerning the house?

Thankfully some other deal will hopefully make up for that but I can't tell you how many deals have collapsed at the 11th hour through no fault of my own over the years and for me to get a fat $0 in earnings.

We would have 3, 4, then 5 debt-free houses renting for $800-$1000 a month, but my partner and I would be doing quick rehab jobs for others and picking up scrap metal on trash night to pay for our personal needs (groceries, cell phone).Sacrificing to Build a Foundation of WealthSounds like it sucks, right?

Large  multifamily 30+ tends to have lower ROI than the 12-20 units from what I've seen.Things To Consider (Multi Family)Income: Gross Income, Laundry, Storage, Garage, Signs, Solar Panels, Cell Phone Antenna, Expenses: Common area utilities, Heat, Sewer, Water, Insurance, Landscaping/Snow Removal, Pest Control, Professional Fees (Accountant, Eviction Attorney), Repairs, Maintanance, CapEx (Reserves for Boiler, Roof, Etc.)

Don't forget to track and deduct your mileage (including trips to your remodel store of choice, assuming you own a car that you use(d) to conduct business with), deduct a portion of your cell phone (assuming you conduct business on your phone) and deduct a home office expense (assuming you conduct your property management out of a room in your house) and consult a tax accountant to see what other tax write offs you should be able to have.

biggest turn off was " NO DISHWASHER" to prospective tenants,, Second was single bowl sinks,, the studio's had that and it was like a dirty dish "HOLDING CELL"