What is the one question newbies should be asking but aren't?

[stevie-o]

Do I have enough money to do it wrong?

I like this one...

[Purdyinvestments]

A lot off good information.... thanks everyone keep em coming

[Foreclosure Negotiator]

^ that's a good point.  I spend a lot of time researching available properties.  I pass on most of what's available, but every so often I come accross a deal that's what every investor is looking for.  If I would have paid attention to the people who knew what they were talking about when I first got started, I would have realized that patients really is a virtue.  I was willing to do any amount of work as long as the numbers made sense.  Now, I pass on deals that require a ton of work, even if the numbers do make sense.  It's worth waiting for a $13k property that needs nothing but paint and carpet that will then value it at $90k and bring in $870 in rent until I sell.  That's the kind of rehab project I reallllly loooovee!!! 


GooD Luck!