:I meant socialist libertarian, not social libertarian.Yes Tom, he was referring to me, but he can't come out and say it directly, because then he wouldn't be using the little loophole he thinks he's created for himself whereby if it doesn't use my name directly, he can convince himself (or maybe he's trying to convince others) that he's not talking to me.My 4-year-old nephew does the exact same thing...the difference being he'll grow out of it...However, I don't believe the extremist pro-pot views such as the abuse of pot has never killed anyone.I'm quite certain trans-fats are much more deadly than pot, though I don't generally hear Conservatives arguing that food-stuff should be more regulated...though perhaps the fat ones should for their own well-being...As someone who stays away from drugs and trans-fats, I personally don't think any of them should be banned either at a state or Federal level...but I guess that's just the Communist in me arguing for less government intervention...

You should put as much as you can in your retirement funds because of compound interest.

So it's not wholesale, but not retail either.Not sure if u can in ur area, but they also double close.

If I, as an investor, can find the same deals a wholesaler can, in my opinion, the wholesaler isn't bringing anything new to the table.

Then they get stuck between really sucky tenants destroying the place and increasingly strict code enforcement demanding they fix the place up.The second group are the sad sacks who didn't get out before the neighborhood tanked and now cannot get out.But surely there must be SOME 'evil geniuses' out there with fat offshore bank accounts who do this succesfully.Perhaps they'll go the late-night infomercial guru route so we can all jump on the gravy train!

I've yet to close the deal so I'm learning as much as I can in the meantime; I could turn back but where is the fun in that?

She's already supposed to pay $5,000 a year in taxes, so you'll pay at least $6,000 -- my guess.I don't know where this 3/2/1 is located, but right out of the chute you need a monhly rent WAY over $1,000 a month to make this work.My gut tells me there's not enough fat in this deal to make it break-even on cash flow.

Originally posted by Ofgift Gift:... will ask the listing agent to leave his for sale sign up as long as he can..... In

I'd take it, along with a fat security deposit.

It is all mathematics after all..Given the cash coming in, constant capital improvements, meaning changing but constant depreciation flow and therefore return with minimal taxes being paid,unwinding earlier must be the result of that emergency need or the said bubble in values resulting in a chance to eat the cap gains, depreciation recapture and still be able to beat that return with a risk free investment of the proceeds left by Uncle Sam and local state taxes.As far as believing a bubble is ever expanding like our universe, well,Hogs get fat, pigs get slaughtered.. as always.