anyway I love that show as well.. but usually its investors being too trusting and not getting any verification other than internal reports from the sponsor.. the bank accounts don't lie and unfortunately when you go into many of these deals like Crowd funded deals you have no Access to the bank account.. so really its what ever reports they send back.. its only when you check the  actual bank accounts does reality come to play.

I'm looking to start investing in a deliberate, conservative way and look to build passive cash flow, rather than large chunks of money at a time while keeping my debts lower if possible.Question for the community:I've seen lots of different plays: Wholesaling, Fix & Flip, Buy & Hold, BRRRR, etc.

@Matthew R Crawford So this post grabbed my attention as i'm a beginner in the real estate game myself.

I probably look at 50 - 100 houses a week, it’s a numbers game.

Others want to have a family, which becomes their highest priority ... etc.If I were in your shoes, I would sit down with the wife and write down the goals with actual numbers and dates and run them by your friend or some other folks here...There are tons of strategies in real estate, some more lucrative than others, but require some level of expertise, which you can only build once you get in the game more seriously.Year 0: Skills: Basic RE Education.

I'd be curious how that plays out, if he wants to do a 1031 he's likely aware of how to defer taxes and is probably not going to want to pay them....

Seller owns property free and clear and you guys sign a purchase agreement for 100KYou put down 10% which is 10K to the seller(skin in the game)Your hard money lender put in 90K, which is the rest of the money due to seller, to get to that 100K owed.Then Escrow closes and your seller has the 100K owed to him and then you pay the lender who put in 90K monthly interest only payments till you resell/refinance the property paying off the 90K owed to him.

Depending on the land and your game plan, you may or may not be able to make money at a 'flip'.

Then it became a "they must have did it, because I certainly didn't flush anything" game.  

It honestly has never come in to play for me.