I like my income stream slow and steady giving the government a minimal amount of it.

I would also like to take some of my money I were to get from wholesaling to pay off the homes and have a HUGE stream of passive income while I am at a very young age.

I have multiple income streams.

This is due to the court system streaming things a few months back.

Thanks for the reply Ned.What i'm trying to do is find something I can do as a job,while also learning as much as possible about the rental business.I like having as much information as possible.Since my post i've thought alot more about it and think I might be more suited towards property management with my current skills.It seems to be a better avenue to learn the business than simply getting a real estate license.If I do get into it though,I would plan on getting my license simply to add an income stream if nothing else.The courses and testing/licenses are very affordable and I love adding to my education.Real estate law seems to be something really good to know if your buying/selling real estate for profit.

Even then in today's market, it's still hard.One thing I would have done differently from when I went full time is setting up enough passive income streams to cover my living and business expenses each month.

No matter what is going on in the market, if you are a real estate investor you are really buying a cash flow stream.

However, I've got a NET of $49K in it, so the income stream works out to about 12.25% on this deal.One other thing, obviously the agent didn't charge me any commission on showing the place to my buyers.

Dan_Auito: the more hooks in different streams the betterjohnmichael: If you do not understand this one point you will not make it to the level you need to beDan_Auito: multiple offers, adds and acquisition techniquesjohnmichael: Many of us know who Mickey Mantle is and that he had - 536 Home Runsjohnmichael: but we forget that he had Over 1,700 Strikes to get to the 536 home runs.Dan_Auito: babe ruth home run king and strike out king as welljohnmichael: Over my years of teaching I have found that most fails simply due to the strikesDan_Auito: learn to accept rejectionjohnmichael: It only takes one dealDan_Auito: a month!

A seller with a $200K property, that you ask to carry the entire $200K back, is not generally going to do it if he wants the cash, not the income stream.