Partner #2 was one of the original owners and came with when the subdivision was sold.OK now it has been some 4-5years later and this project is failing miserably, they have sold about 2 addresses, and turned 2 other addresses into rentals that break even.This market should support at least 12-14 sales per year minimum.

I tried (but barely got off the ground) the land development of the industry and failed miserably...or should I say, couldn't even secure a piece of land.

if 10%, then at that point, it would be worth $1millionNow you have to consider the current income/expense at the miserable occupancy and figure out what you are willing to pay for your future reward of the upsides to get to at least an 80% occupancy.

I failed miserably and took up to over a week to call them back & I'm sure I lost several leads because of this.My colleagues use PatLive Answering service to handle all the income leads live and they provide the operators with a script to use during the call.

So I feel stuck, I know I need money (in most cases I know there  no money down deals but can be hard to find) to invest and welding could provide that for me but now i feel miserable when i'm at school doing something i don't wanna do.

But keep in mind, if you hate practicing law, which many, many lawyers do, you may be forced to keep practicing solely because of your personal debt-- which is why many miserable attorneys keep practicing.

@Wayne Brooks^^^^^^this right hereTo tack on to this - one reason wholesalers fail miserably is they have zero real estate experienceIn order to wholesale you need to know property values, construction costs and cost of borrowingI see people try and virtually wholesale where they have never seen the inside of a property.

Wrong part of the cycleIgnorant of market and demographicsNot knowing the rents and property valuesUnfamiliar with asset typeBad negotiationFell in love with propertyOverspent on repairsFailed miserably with legal due diligenceDid not know true expenses

SE FTW fails miserably in that area, while Balch Springs is in Mesquite ISD, which is not great, but actually not terrible, and they recently passed a bond measure to for Mesquite ISD to improve the schools.

What happens when you drop out to get into real estate, and you get absolutely burned on your first deal or two, you're miserable, and you never want to do it again?