It's all about the blood, sweat, and tears.

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.

Matt H, I know you said it seems like people are told to live below their means, that isn't true in my experience, instead they teach you to think about how you are spending your money, how you can cut back so that you can get out of debt and use the extra money to develop passive income streams to get financially free.

My goal is to continue to increase income streams and chase markets that are rising.I did this in Atlanta and now jumping into the Detroit market which is now rising.  

Not a bad income stream either, I bet.

Looks like investing and real estate runs through your bloodstream.

Or, what if it was possible to work as much, or as little as you liked because you were able to develop streams of income that supported the lifestyle of your choosing?

Anyway, glad to have more new blood, and I hope you can help out with some of our tax questions . . .