I am thinking that sales of real estate might be seen as lost opportunity to collect capital gains, and stick it to "the rich".

So approx. how many showings have you had on the place.Some food for thought.

I'm assuming you are past the "motivational" step of the process (ie. any of the Rich Dad Poor Dad series and Think and Grow Rich).Let me state now before I go any further that I am a newbie myself.

i saw some decent islands in the bahamas and nicoragwa for 200-400Kfrom 3-10 acresbeachesand the hybrid system for the power is 100K..the water system for these small islands will run about 50 kthe electricity cost 25% of the cost of conventional electricity once th hybrid system is set upi think its possible....i have a few really rich young guysand we are considering trying onewill let you guys know if we gonna do it

:o)-Rich

:violin: ), I just don't like the idea of making someone else rich while simultaneously giving up on my dreams of financial freedom.

If there was such a think as google #1 in 5 quick steps I would be a rich man.

Any profits above this return will be split 75% to him and 25% to you as compensation for your management fee.You could charge only an acquisition and management fee instead if he feels the split is too rich for you or you could offer to cap the 75/25 split at a certain dollar value and thereafter, it defaults to a 90/10 split representative of the cash contributions.

Lots of good food for thought.

As many have asked before, How many negative cash flow properties can you afford to own.Appreciation does not pay the bills or put food on your table.