Do the math; how much would you spend on 10 years of term versus whole life?

The United States needs to get our kids back to reading, writing and math.

And even the pros aren't exactly that good at it.Real estate is secure because you have straightforward strategy, the math is very basic, and at the end of the day if there is a problem it is within your power to fix it.

I did the math and every year I pocket $48,000 raise over the last year just buying at this rate. 3 more years and I will make 25K a month cash flow.I use to Lead the Mobile Home Focus Group for R.I.C.H.Hot-wings and a few beers and I get to talking.

It would be nice if we didn't gift a bunch of bloated idiots tax dollars to allow them to be so choosy, but that is a different topic for a different thread and day.Giving a buyer a financing contingency in a contract is like extending them credit and the seller should have every right to do some homework on them.

To give an example for anyone reading this thread who hasn't done the math (not directed towards Bryan and many others here, as I'm sure they knows this as well as I do):Let's say a 20 year old invests $2000 per year in a diversified portfolio (returning 6-8% per year).

Thats one reason i got the property at the price i was willing to pay. do your homework first and then by all means call a local title company, one of your choosing. they are usually very accomodating.

Sounds like you are doing your homework.

Would you just do the same discount math or would you discount it more because it is exotic or "risky" with an unknown borrower.

My examples:Metro DetroitPurchased 3 houses 3/1 during 2010Avg purchase price 25kAvg rehab cost 7kAvg Rent $825Rented all 3 with a yard sign and before the rehab was finished..non sec 8.. 2 of the 3 tenants had a foreclosureYou can do the math :cool: