Objective of the group is to meet in person & "mastermind" over lunch.

The principles are solid so far, and the purpose of the 10 months to read it is because it takes repetition to form habits, and this book is all about developing GOOD habits!

Give me a break.It's not about economics, it's about principles, morals, ethics and values.

But it boggles my mind how seasoned RE investors can advocate for debt, but then also talk about cash flow being the objective, and appreciation being "icing on the cake" If you assume some appreciation, that is when using debt mathematically KILLS debt free investing.

Derek there are 2 objectives of using lease options.

You would net $37,417/year but also have $11,000 in principle reduction on your loan.

An local architect is a good person to ask to see how likely it is that the variance will go through.Also, when applying for a variance you have to publicly announce it (in the paper or with a sign on the property) so any neighbors who may object have the opportunity to do so.

.), less interest (not the principle payment, though) and less depreciation.

While it's true they lose their deposit and any funds that have been applied to the principle balance on the loan if they don't follow through, they may never qualify (potential for more option money, longer term cashflow though)...The only other thing I can think of would be to enter the deal while legally structured as a trust, then you could transfer all or part of your "beneficial interest" in the property for a fee.

William Nickerson's 50 year old books are classics today because the basic principles still work.