Once they rise, cap rates will have to rise and thus property values will drop.The reason we are looking more for cash flow is so we can get regular monthly income out of the property and effectively retire off the income if we want to.

The deals need to be assignable.REOs and Short Sales are out as you can't assign those contracts.What else do Realtors have access to on a regular basis that cash buyers would love to get their hands on?

If he had been more proactive and did semi regular calls / mailings, they would probably have given him some sales/referrals.

Unless they can prove they were paying rent to him on a regular basis at that amount I would pass.

If/when you get licensed, you will be reprogrammed with this as part of your continuing education requirements on a regular basis.I am going to purposely avoid answering.

Hey Kevin, you can also use the "Monitor Topic" button at the top of the topic thread.

By the time I am 37 my businesses will be run by those appointed and my wife and I will be on the board of directors monitoring the ship.

Would also give me long term income, as I can't work a "regular job" and only have my rentals as my income until Soc.

If it's a regular tenant and you are the landlord then it depends on a ton of factors.

It's a salaried job, probably doesn't pay great but you get experience on screening tenants and how to fix minor problems or how to hire folks to fix things and the prices for them.Don't forget the old fashioned get a regular job you are good at save your money and buy a rental.