An expectation of profit is one of the pillars of the project being considered a security.

Flips are very difficult for new investors as they don't understand the 3 pillars of flipping success - buying right, always come under budget for the rehab, and sell for more than your projected ARV.

The point here is that there are 5 pillars of real estate and if you pay cash for a property you are eliminating 1 of the pillars that help wealth growth.

It's a beautiful home with 4 Ionic pillars; two porches; a driveway that fits 7-10 cars (easily); and easily accesses all of best restaurants, wineries, college, and other attractions of the Finger Lakes.

Perpetually low interest rates/ability to refinance.3, High occupancy/low economic vacancy.Unfortunately, none of these 3 pillars are  holding up.

Having no debt eliminates a few pillars of REI.

Yes replace the pillar (white or natural wood?)

The LTV is the third pillar.

At this point, I wouldn't say he is going to be the pillar of the community, but I am still in.So I then advised my agent that I would like to see 2 years of tax returns to verify his income since he is self-employed or W2's, if he pays himself a salary. 

I also am just concluding an apartment investing series on Pillars of Wealth Creation podcast.