Will you share a reference(s) from your current client who runs a business similar to mine?

Next Tuesday November 26, 2013 6:30 - 9:00 PM is our Monthly meeting for E Myth, Goldmine of Info in Appraisals & Finding Deals. www.MassRealEstate.net 1.

I have a landscaping customer of mine that currently has one of her properties on the market (2bd/1ba) for $38,872 located in the south suburbs of Chicago, IL.

I'll just say mine is sufficient.You know, there were landlords before LLCs were even thought of

[Gross Income] minus [Expenses*] = Net Income[Net Income] \ [Cost Basis] = Return on Investment*Expenses include all expenses related to the asset such as payments on debt service (principal and interest), taxes, insurance, repair, closing costs, etc, etc.Gross Income = $21,000Expenses = $13,224Net Income = $7,776ROI = $7,776 / $75,000 = 10.4%I reread your post before posting mine and I see you wrote: "do you eliminate the principal portion of your mortgage payment since you are essentially paying yourself?"

Owning free and clear sounds good but is a poor, if not broken, financial tool.The object is to get cash flow . . . not to own a big pile of gold that you cannot "use".My advice is to search hard and long for a 40-year mortgage, variable rate, with a less-than 3-percent cap on the LIBOR and a lifetime maximum cap of 12-percent or less.

The respect and trust you build with investors is worth more than gold to your continued success!

I live in Venice Beach so I feel your pain.As far as wondering how the current owners are doing it out here, I believe the majority of owners most likely fall into two categories: 1. owners who bought a long time ago or the properties have been in their families for decades (Venice is huge for this, most owners bought in the 70s when the prices were awesome because Venice was scary to live in but now they are sitting on gold mines and not selling them) or 2. owners who are likely losing money on their properties but in their minds appreciation potential and/or the enjoyment factor of owning in LA prevent them from selling.

If these education providers stick with us and demonstrate themselves in good stead, they can have a gold mine, but have to say that's not easy to accomplish for many.

. ;-)  Not so mean, but I can see how it could be seen as that.Marc was a teacher of mine a long time ago.I signed up with Russ Whitney Canada and multiple bootcamps in Winterpeg, Toronto, Vancouver and Calgary, minus about 75k in the process.So I was just wondering, as a trainer, did he like doing it, or as stated above... was it really dictated by Russ Whitney Canada.Marc's posts on the Whitney forum were pretty good (and a lot less swearing and badgering than the live "trainings".)Anyhoo ... old news, now I'm here to do it properly.