not for sure if i posted this in the appropriate forum .i would like to hear yalls opinion about how i should proceed .my current status is im 37 have wife and 3 kids own our home .bring in around 35 to 40 k a/yr as a full time maintenance/ janitor. we own 7 rent houses 5 are paid for . we put as much of the rental income towards the loans of the other 2 with the plan of getting another as soon as those are paid for . day job income go to health ins , Walmart , and to keep the lights on in that order , with nothing left to save .our dream is to have enough rental to live totally off that income and i quit the day job . at current rate ' the way life likes to kick you when your down' its going to be 5 to 10 yrs before i can quit unless i go insane first.should i continue to take out loans to buy houses or save up and pay cash ?

The house is completely stripped of all appliances and lighting fixtures but has some nice detail work like flooring and stone fireplaces etc.

Once that was done, the city came on site and gave us the green light to fill those units up.Leasing those unitsWe have had great success from an ad in the greensheet in filling up our units and we are down to 1 unit vacant.

Put them inside, on kitchen chairs, with the light on.

I've go lightly on you here, Belinda because you do not know me.

Its finally starting to pay off and I can see the light at the end of the tunnel.

deals 7 and 8 had a partner - he found the home, I fixed it up, managed the rehab, he sold it, we split the net profit...these were ok deals we split $20,000 on each deal but they took 5 months and 9 months respectively due to issues with contractors doing shoddy work....so if you figure our profit at an hourly rate these were not barn burners...but hey it's $20,000 I didn't have before, so I am fine with that#8 paid $265K used hard money, spent ZERO on rehab, wholesaled it in 12 days for $360,000, that was a nice one (sad back story on this one, owner of the property was busted for selling drugs and arrested, then deported to Mexico, so wife took over the drug selling biz...then she got popped, in order for me to be able to close on the home, Escrow had to go to the jail to have the wife sign, then hire a mobile notary to drive down to the SD/Mexico border to have the husband sign) death, divorce, drugs, disease....the 4 D's that create real estate opportunities, sad but true#9 paid $205K used hard money, spent $25K on rehab, sold for $300,000#10 paid $90K for 3/2 SFR, used hard money, spent $3500 on rehab, rented out for $850/month, slight negative cashflow currently (-$150/month), market value is $130K now, plan on refinancing into better loan in 3 months#11 paid $108K for 3/1 SFR used hard money, spent $3000 on rehab, rented out for $850/month, slight negative cashflow currently (-$190/month, market value is $140,000 now, plan on refi into better loan in 3 months#12 paid $125,000 for 4/2 SFR used hard money, spent $0 on rehab, house already had a tenant in it paying $900/month, will be raising rent to $1100/month, market value is $160,000, plan on refi into better loan in 3 months#13 invested $50,000 with my parents to buy a triplex, for $530,000, property cashflows $1000/month from day one, and value has increased to $700,000--------------------------------in current pipeline/in escrow - thru these deals I've made good friends and I've made my hard money lender some good money, hard money lender let me know he has $5,000,000 +/- sitting in the bank looking for houses to invest in, and he's given me the green light.

I agree with you some people can be a natural teacher, not many but some.

Could you shine a light on what was taught as a good deal?

But a healthy economy should show some level of natural steepness as long as investors and businesses are still investing long-term, keeping a healthy demand and higher rate for longer-term financing.