These businesses provided educational return, they got me reading books, but ultimately I failed in terms of finding personal and financial reward through them.Approximately 6 months after my realization, my wife and I were sitting in bed and I was reading the book “Rich Dad Poor Dad”.I remember distinctly, putting the book down and asking my wife “how would you feel about us selling our house and buying 2?”.

It will all be reported on your 2016 tax return.

Great returns, steady rental market.

What would be your return on investment once you move out?

If you can't locate a deal in NJ with which you can generate your target return, look out of state.

Are they going to be able to buy your proudly done flip.3) If you misjudge the market, do you know when to dump it.4) Can you put a spreadsheet together on your purchase costs, carrying costs, rehab costs, closing costs, selling costs, tax costs, contractors that don't show and delay your project etc. etc. etc.5) Is the return worth the risk.

At this point they are just behind on payments, and that can get cleaned up pretty easily with credit repair.

If it's really a good deal, your buyer isn't going to back away because of a crazed tenant that can be easily replaced.

It would be a much steeper investment curve with lower returns starting with one truck.

I am confident I can get that cash to return at at least 8% and probably higher.