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Old 10-15-2004, 10:59 AM  
KRL
Entrepreneur
 
Join Date: Oct 2002
Location: USA
Posts: 31,429
Hook up with someone already in the biz and learn from them. Books don't teach you the real world.

You need a sharp eye for pricing and what's going on in the surrounding marketplace.

Its all about knowing when to buy, when to hold, and when to sell. Knowing how to deal effectively with contractors to do improvements at rock bottom prices. Knowing about a bargain property before anyone else does that means networking with the local real estate agents.
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