This approach isn't making me rich each month, but in 20 years, if I decide to keep, it'll be paid off and throwing off whatever the rents may be at that time.Sure, making 100k in a flip is great (and looking forward to that deal) but a few more like these and life becomes easy.I saw the benefit of having 50% ownership with finding the deal and dealing with the rehab and the partner made their 50% by letting me use their money for a year.

Good point Chris.Also just saying the partner gets money for the next property or we get money for the work we do.....better see your attorney.Lack of specifics in spelling everything out causes problems in a partnership.It's human nature to start thinking that one partner is doing more work than another.

Our desire is not to “get rich,” but to enable him to work less sooner so we can live a more “simple life.”

Dust yourse3lf off and keep moving forward.As the saying goes "Make a passion an obsession and you will never work a day in your life".Thanks and have a great day.

Life has enough surprises without adding more on what you thing is a great dealBest of luck

I'm not sure if its dumb luck or just in the right place at the right time. I met with a motivated seller today and he wants to liquidate his assets. This deal involves a Famous Las Vegas Strip Club and a Gun range...

I will be giving notice on my apartment and won't have a place to life if he backs out.

I have been involved in building new home most of my life.

I don't want to have success just to have it blow up in my face just as quick...I want to keep loan to values as low as possible with the goal of paying off the properties in 5-10 years, and have cashflow for life

Kay H.I've been there trying to balance life and also invest in your business, it gets tough.