It's ancient (my 80-year old parents spent the first night of their honeymoon there!) 

Reach out if I can help, or you can check out my weekly blog at ericfernwood.substack.com for more investing insights, methodology, and processes....Eric

Really this strategy is ancient.

Following his prescribed methodology I purchased my first investment property within 90 days and have turned many people onto it since.  

My methodology with the postcards is to use them as a first contact upon which they can call me, email me, or check out my website.

Even if the methodology they teach can be successful (which is in doubt), it certainly cannot be successful at all times in all markets.  

Ancient Chinese secret.

Do you think that during ancient times of virgin sacrifices that people were so polite you couldn’t imagine?

Using the most common accounting methodology, all flip costs are considered COGS (cost of goods sold) and are carried forward as inventory on the balance sheet (work in progress) from one year to the next until the property is sold.That said, if you're working out of a business entity, you may have to track inventory on your tax worksheets.

It is trending toward the Dave Ramsey methodology.