If you're going into that line of investing, make sure you know what you're doing and, if you're learning from someone, make sure their previous roles included a formal credit background and not "I was flipping burgers at Wendy's six months ago, then I learned how to invest in non-performing loans."

Ask about their terms, seasoning requirements, and how quickly they can close.Data/Deal Analysis: Stick to simple rules at first (70% ARV rule, rent-to-price ratio, etc.) so you don’t get stuck in analysis paralysis.Partnerships: Make sure roles and expectations are crystal clear with your partners before money gets involved.If you’d like, I can share a few resources that break down the first BRRRR step-by-step so you and your partners can hit the ground running.

That said, it's still better to run your own business than flip burgers at McDonald’s—or even work at a prestigious law firm, grinding through 60,000 pages of discovery and drafting a brief that references every point, all while being harassed by a toxic boss in the kind of corporate environment that’s become far too common in America.If you think wholesaling is going to be easy, you'll be disappointed—and likely fail, fast and hard.

You don't fly to McDonalds Headquarters if you got home and discovered you were served the wrong burger.

If it's a nothing burger then cool at least I'll be sure afterwards.

Nothing Burger?

Thank you Faye, you are right the webinar was a "nothing burger".

If nothing happens it then moves to civil and even more to the public space.Dutch will be flipping burgers.

There are deals out there often due to a poor listing by an agent that should probably be flipping burgers, properties that are a cosmetic train wreck and the photos are no plus or priced too high. 

one thing that's negative from Out of state investing is that we as landlord never grow up. we don't develop business channel, we don't develop business skillset, and we give money to out of state realtor and out of state property management only.in term of business education, investing and creating local business locally is way preferable.I'd rather want to know much the NNN lease in san mateo in-n-out burger rather than 2/1 in indianapolis.Passive investing IMO is detrimental in long term as we almost don't gain anything from a family dinner cash flow.