We did not borrow a dime to complete the project, we knew how we wanted to approach this project and thus far it has worked out to plan.

We don't charge you a dime to interact or to read any of the thousands of articles and hundreds of thousands of discussions here on the site . . . and our content is easily second to none!

One of my new year's resolutions is to try harder to understand that there will be investors (young, old, new, seasoned and all in between) that will do bad things, they will do bad things for a dime or perhaps for no reason at all really.I'm also trying much harder not to use a hammer to swat flies when a bit of fly paper will do.For those who insist on creating notes at 1% or zero interest, just understand that if you don't disclose to some unknowing seller that they will get tagged with imputed tax rates forced upon their note then you just created a potential liability for yourself.If you have a mortgage broker who may be a party to your note, they may provide or write the note, I've written hundreds of them as a broker/servicer.

Banks look at your financials to assess the risk of the person they are lending to and if you show that you know how to use debt smartly they will love to lend you more especially when you can show them via documentation that your able to produce potential cash flow and 45k of proceeds with out even using one dime of your own money.

- I've learned [the hard way] that a "quick nickel" is better than a "slow dime" every time.

Jeff just based on what you have said and your previous topic I do not think you will collect a dime and will spend more money.

Add in insurance, property tax, and repairs (next to none, as these would be new places), vacancy is actually a non-issue (renters are a dime a dozen), and the cost to me would be about $3000/month, meaning I could have a positive cash flow of $600/month.

Worst case: you have a good lunch on my dime.

If you are eating beans everyday and have nothing to spare, get a position or work that pays better first, RE is not an immediate income producing activity that can be entered into without a dime in your pocket.

If that property will only sell for 20K in your market, that is what it's worth, not a dime more.