Using this strategy will save you time, money, and better your emotional and physical health-I assure you.

I was so eager to jump on it because it was one of the few properties that i've seen so far that would actually produce a positive cash-flow.Finding my first property has been a lot more difficult than I expected.

Right now I am contemplating moving into SFR deals, simply because they produce more cash flow per unit and assuming I want to retire off my portfolio someday, I'll need less SFR's as opposed to condo's to reach my income goals.

Even if you go to your REIA and find someone to help you , you still are going to pay a healthy price in the split your paying to do the deal.

Now, you are asking a bank to lend you money for a project that needs to produce income when you are all said and done.

He’s great guy we love to death, but initially found he’s awful at paying us in a timely manner.Rather than chase him each month for checks (I’m convinced he used it as an excuse to buy lunch for my wife), we just write our loans with him to pay everything, points and payments, at the end of the loan when his deal sells.We charge interest on the total unpaid balance each month (i.e. interest on the monthly interest and points) which very slightly increases our ROI but is in no way punitive and maintains our very healthy relationship.This obviously won’t work with a long term loan but almost everyone we do business with now prefers this arrangement.

I'd much rather buy a turnkey cash producing business with a long lease already in operation.

For a contractor to expand they need to accept more risk, become more entrepreneurial, take ownership in producing a product, that turns the blue collar white on the business side.

I read an interview one time where Nicole said she was scouted by the shows producers because they were looking for a blonde agent for their reality tv show.Thats right - the number one factor in contacting her was because of the color of her hair.Definitely model your entire business plan after this ;)

I did purchase a home back in 2005, but that home is long gone and I never did end up investing in income producing properties after that.