If you are in the West Chester area STAY AWAY from Kennett Square!!!!!!!

Currently we have no debt at all and hoping to stay that way, so we might as well make money out of our hard earned money and knowledge in the future.I am just stumped how to start, from duplex's to multi-plex's to renting a home out, to flipping, rehab...

Charging less can help keep more steady rents coming in through long-term tenants.I'm not saying you should rip yourself off by not making anything on the rents, but why not make $100 less a month to save two or three months of vacancy because the tenants can't afford the place or are going to be more focused on owning their own place later and have no intentions of staying.

[size=18]Understanding Comparable Sales and How to Analyze the Data[/size]Prepared By: John WorleyThroughout my business dealings, I find that when it is discovered that I was a real estate appraiser for a number of years, the first question out of everyone's mouth (particularly Realtors and real estate investors) is "Can you teach me how to read and analyze comparable sales data?"

However if you are plan to hold the property as a rental for a good number of years, say 6 to 10 or more, than I would say to stay away from the Interest only programs, like the Option ARM, because now you are going to want to have as much equity built up in the property as you can.

He takes you to the "why" instead of the "how to" like so many other books, but without the "why", it's hard to stay motivated.My only minor criticism is on his choice to deliver the message of one's personal residence as a liability rather than an asset.

Stay with the club.

But the hard part is I want to live in a nice area and nice areas tend to be much harder to get positive cash flow (assuming I imagine I'm paying myself normalized rent prices for that area).If cash flow is so important, which it is to me since I'm basically trying to build up capital for future investments, maybe it's better if I rent some place cheap with friends and buy a less expensive property in an area I don't want to live (really south when I'm trying to stay closer north).

Hope you're managing to stay dry this week!

He didn't get into it he just said it's only good if you plan to stay in th house no more than 5 years.