So, I came to BP to further educate myself and meet investors of all experience levels and more importantly, to get moving toward becoming an investor.My long term goals are to eventually replace earned income with passive income from long term rental property and to teach others to do the same.

In my resale price range, I know several rehabbers who are averaging less than this and I know several rehabbers who are averaging more than this...so that's probably a reasonable average for the level of flip I'm doing.Average hold time for these 32 properties (not including the two that I had as rentals for a long time) was just under 100 days, which means I earned an average of about $6300 per month -- not too much more than Danny.

Would you tell me that cash in the bank is a liability because true inflation is more than the earned interest?

Rather, you will gain time to earn a profit in 3 (or 2) out of the first 5 (or 7) years you carry on the farming activity.

In this scenario, my total monthly cost will be $1611 and my earning will be $1300.

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So they would be earning money from the interest - that would be their return.

The good news is you can take advantage of it by filling the void and offering extremely reliable service by working quickly and always doing what you promise.Loyalty counts – both ways, and is easily earned when an active borrower knows they can rely on you to get the job done 100% of the time.

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If you choose to go to college... 1) Avoid student debt that is way out of balance with the earning power of the education you receive.