Jermaine here, yes Ian is right and we had one of those countries in the building where we bought it, a 50/50 split we got a check for$45.00 to $65.00 every month, with all the rehab we have to do to the building we never gave it any tough, after our rehab was done we decided to get our own and our take went to $125.00 to$150.00 a month.

Numbers: AssumptionsPurchase price: 96,000Down Payment (4%): 3840Closing Costs: +-2500-seller is paying 1100Loan amount 92k with a payment of 495$ monthlyGross monthly income:1,500Property Taxes (annually): 1500Insurance annually:1500Maintenance reserve (5%)Vacancy allowance (10%)Now for the Cash flow Analysis:Gross scheduled income: 1500vacancy allowance:150total operating income:1350taxes:125insurance:125maintenance:75minus total operating expenses:1025minus mortgage payment:495Net operating income:530x12=6360 annuallyBy no means am I an expert at running these numbers, would love feedback

Ian,Thank you for your response.

The path I want to take is working with motivated sellers who are willing to provide seller financing while transferring the deed so then I can then resell the the deed to a motivated buyer and in turn for me become the bank that controls a note on the property.I have found guru course out there like Ian Flannigan's "Hidden Cash Flow Fortunes" which cost a arm and a leg ($1,497) to get started with.

@Ian Akash Morrison all this depends on your investing goals.

Control real estate - that's what agents do when they list a property - they have it controlled.If your goal is to make money assigning real estate - get yourself out there in the market and find sellers who are truly motivated - agents are gate keeps - they want to keep you from talking and negotiating with sellers - you don't need that starting out.I have been an agent/broker now for well over 40 years - I buy, make offers and control real estate - I do much these activities without money and without agents - it is just too difficult trying to make a profit what agents are involved - unless you have lots of money and will to be controlled.Please - understand - I an not saying agent are bad - I only want you to know that is not easy.Go find some really motivated sellers, sit in rent and housing court every other day for a few houses, knock on the doors of sellers where there was a listing, now it is expired.

@Ian Oxender That's a great start for you guys, congrats on a successful beginning.You can meet local wholesalers, landlords and other investors at the Dayton REI Meetup.If you have any questions, feel free to reach out.

Hi @Khaliq KingI can't speak to Florida but in NY I an not legally allowed to give a referral fee to any unlicensed individual.

Hello AllMy names Ian.

- Ian