To get rid of all emotion would eliminate the passion that pushes me to higher returns and further excellence in this business.

The IRS often gets involved with short sales, because they are seen as a relief of debt and may be treated as income.

I want to find an investor who will be my backer and who will pay all advertising costs in addition to a small salary to keep my debts current.

The numbers look like this: Property price: $47,000 (our offer) # of units: 5 Monthly Rent: $1,900 Expenses (assuming 50% rule): $950 Down Payment: $10,000 Monthly Debt Service: $287 (20 years at 7%) Monthly Cash Flow: positive $663 ($130/unit)I've had the place inspected and it will take some money to fix it up.

Or Santa Monica or San Diego.Meant to add this: Cash flow = collected rent less all actual expenses less debt service.

The purpose of this plan is to teach you how to do real estate investing the right way so that you’ll be pleased to eliminate your job and become a full-time real estate investor, not how to replace the job you have right now with real estate investing, which you may come to dislike as well.There is a myth that many people believe that if you have a ton of money and no job, you are living the good life.

The extension will eliminate the penalty for not filing and the penalty for not paying can be avoided by sending in at least the amount that is owed.

My goal is to learn different arenas of real estate investing and apply that knowledge to obtain financial independence. i intend to start out wholesaling properties part time for the next few years to build up income, pay off debts and help restore my credit.

Horton, Meritage, Richmond American), unfortunatly too many eggs in one basket, but I've regrouped and things are pretty good right now, still could'nt stop a foreclosure on my primary residence, no work and massive medical bills is a bad combo :violin: .So for now I'm lurking, no more bills, debt free and getting ready for action.

Can you afford to carry the debt service if the AA tenant hits hard economic times and files bankruptcy?