Wheatie, one of the ideas I still have a tough time with (as it relates to the 50% rule) is how to adjust projected operating expenses for high property taxes.For example, there is a two family house that rents out for 1k p/m, total (12k p/y).

Is there anyone on here who specialize in commercial?

Tough to flip other wholesalers' property in today's market.

It is competitive, though, and its tough to actually buy one that's a good deal.There are also areas where there is very little for sale and a lot of demand.

I am the "1 Stop Shop" Agent: specializing in SHORT SALES/INVESTMENT PROPERTIES/Creative Financing/Staging".I offer FREE tours of REO/Short Sale properties every week!

Also, subject-to is my speciality and I believe the best way to purchase properties.

The point of all the numbers is How much are you missing out on by not starting now.The specialized knowlege that is most important in investing is having exit strategies.Having a lot of tools in your tool belt gives you more options in each deal you do.You can buy and sell to wholesalers, buy and hold (rentals), buy and rehab, buy from wholesalers and sell toend buyers, buy notes on properties, buy on the courthouse step[s, lease options, straight options,partnerships,commercial Real Estate,buy land to develop,buying foreclosures, short sales, tax lien sales, buying estate sales, buying condemed properties, buying the right of redemption,inner city fixer upers, city and county programs, grants, become a Real Estate Agent, or even become a lender.The list of ways to profit in Real Estate goes on and on.

djdemers,This is a tough question to answer.

I would say it is having such a vast amount of money that you never have to worry about money again....that you don't have to worry if a property goes vacant because you have enough cash to cover the vacancy.It means you are secure enough to survive the tough times in the business.

They will also control the closing company, which will make a double close tough.