Explain.I have nothing against a flat tax.However, "as able" should apply on both sides, even if you consume a ton of tax dollars, if you're capable of paying a percentage of your income in taxes, shouldn't you?

The later approach is infinitely more scale-able and results in cheaper cars for the consumer.

No hard money lender is going to take you by the hand and tell you which deals you present are or are not deals and they aren't going to introduce you to trusted borrowers if you don't have real deals to offer so make sure you have that part ironed up tight.

.- The size of the loan (pre-2008 it was based on your interest rate, terms/conditions of the loan, etc, generally the worse the loan was for the consumer, the more revenue it generated... now it's just the size of the loan).So if we can give you a bigger loan that can also still be sold to Fannie Mae, why wouldn't we? 

The formula is simple: I take properties that are outdated at market value, (almost impossible to do deals below market here) and I simply add square footage usually by converting the basement, (cost $400 to $500 a sq ft) then I sell them at $1,500 to $2,000 a sq ft Bought for instance 2312 Washington st at $4.8mil and added sq ft as well as remodeled the rest of it then sold it at $9,950,000My total cost incl closing fees and interest etc were $3,000,000 (rounded up) so net was over $2,000,000 in profits) Been doing that since 2007 and even when market dropped in 2008, 09, 10 and 11 all my deals were insanely profitable) you can see my fund and many similar deals at www.migsif.com currently we have 7 properties in SF being rehabbed and will all be sold at a profit despite Covid-19 Ironically we also have some residential rentals in the greater Dayton Ohio area and had at one time over 30 of these but now only 10 left that are rehabbed and continue to cash flow nicely with a local Mgmt co in place.

Ironically, I didn't for some of them before the flood map change, because they were previously in flood zones and the insurance was too astronomical. 

My job consumes a lot of my time and if I look up the ladder I can tell it's only going to get worse if I continue to advance in my career. 

she dug Your Money or Your Life, and is currently reading 4 hour work week. she's really digging it, and we're already starting to make lifestyle plans for our future. the problem for real estate investing, is that we did the dave ramsey class together, and she's huge on not being in debt. she's struggled to get out of it in the past, and has only her student loans left. assuming the world doesn't end, haha, she'll be out of debt in about 12-16 months, and still in her early 20s. when i try to explain the difference between "good" debt that creates more income than it costs, and "bad" debt that doesn't create income, or appreciation. consumer debt vs business debt. that kind of thing... it doesn't really click tho, and she's still hesitant. she's a w2 earner (i'm a 1099) with decent income, so she could easily land an FHA loan and lock in a house hack within the next year, allowing her to save/invest tons of money and kick the whole thing off even faster. i would love to present this to her in a way that doesn't seem forced, or "i'm right you're wrong do it my way". i want her to really get it on her own, to understand the power that real estate has to change your life. anyone else dealt with this before? 

If you are able to bill back utilities to tenants based on their actual usage, then it stand to reason that the tenants will consume less gas, water, etc... than if the LL is footing the bill.

It just worries me that our consumer spending habits as a nation are so out of hand at times that no matter how much you give people it will be gone in no time.Would you guys say the past plan of action would be to sit in the front of the roller coaster keep up on what is going and stake as much cash as possible for the time being?