curious about net worth

[Shawn Sparks]

I am new here and seriously considering REI I have been doing a lot of reading and research.. My question here however is whether or not the returns are worth it I see many posters talking about the hundreds of properties they have been involved with I'm not looking for specifics or trying to be nosy but just cuious any millionaires in here if so how long did it take

[Jon Klaus]

Originally posted by @Paul B.:

@Shawn Sparks ; @Thomas Guertin is on it. Net worth doesn't mean much. There are plenty of rich people on paper with zero cash flow. You want cash flow. That is why you get into real estate. And there are the tax benefits through depreciation etc.

Years ago I'd show my banker a decent income statement. He'd say fine, but you need to work on balance sheet. He was right. High income that is not coming out of a solid base is tenuous.