The cash flow should determine a landlord's salary, 50 homes should equal 60,000 dollars a year.

Better timing equal better results.Don

My colleague Nick Ikonomou and I share some common beliefs about the traits which are found in virtually every successful person - especially in real estate investing.

I can take nuggets from all you guys to equal that magic formula.

Franklin If the house mortgage is equal to or less than you would pay in rent, it could be a deal, esp if you can ad a room mate to your mix or rent out that garage for extra savings for that down payment.

If not, you will be in a forced position to sell which equals loss.I would suggest some alternatives to finance this or at least some back-ups such as private money.

The security deposit I paid initially was equals about 1.5 months rent.What are my options at this point?

Unlike Michael (above), I don't differentiate based on whether the financing is my own cash or a rehab loan (my two primary sources of financing).In either case, my risk is the the same (either my cash or my credit score, both of which are equally important).And, in either case, I'm looking for a minimum of $15K in profit on a typical flip that I buy in the $40-60K range and sell in the $100-140K range.Not knocking Michael's requirements...as he pointed out, there is no "one size fits all" answer, and you need to figure out what works for you and satisfies both your requirements and your risk tolerance.

Could it be that he makes more cash taking $1,000 from thousands of poeple equalling millions in profit with only marketing expenses and effort!

It would seem that the two sides have such a different core of beliefs and morals that it would be hard to compromise these values in order to work together.The speech Rush gave yesterday touched on this subject, and I felt he did a great job showing how impossible of a goal it is.