You can work with the same mortgage broker, lawyer and accountant but yes, unless city is less than say 30 minutes away, you need to build a new team for every city. That's why many investors prefer investing in only one city, and for sure no more than 2, at least in the first years.

Interesting discussion. Hi Wade, Just curious - considering all the properties you purchased this way, what were the top 3 reasons 'your' sellers had to sell or wanted to sell? Thanks, Nir

Hilarious! Adopt a Greek killed me :)

Many poor people don't like rich people. good luck changing that! Philosophically, one can understand they think they deserve to enjoy life just like you do. some obviously do as it's not all about money. others never will because they don't know how to.. but they still feel this way. so in a...

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Hi Greg, A 40K expense for a new apt bldg roof which immediately increases its value by 80k (example) is a good thing (for most)! we have to distinguish financially between our different expense types in order to properly understand our properties' performance. Regards, Nir

Hi, Some very good points raised regarding cashflow! others just do not make sense. Anyone saying there is no cashflow in RE is saying there are no 7% CAP properties (or better)! I will write this again as it's that simple and that wrong: If you believe there is no cash flow in RE with say...