Right now I'm in a really good position to help folks on the web snd prefer it as I'm not chasing and everybody loves me... less stress.

But everything is still too high there. also, I DO expect to make a positive cash flow.

I am not a lawyer nor do I know your whole situation (are you taking a salary from the company, etc) but typically LLC's are good for long-term holds and if you are doing a bunch of flips/wholesales you might consider S-Corp.S-Corp's have much more documentation/record keeping then LLC and at the end of the year you will probably take some kind of income from it.

I love doing that and will continue to do it, but I've been interested in real estate investing for many many years and have done lots of reading but was never in a position to actually do it (or at least I thought)... everything else took precedence.

If the billionaires have an eye on where you're at, you may be positioned quite well there.

I'd like to see how a $150,000 house bought near retail price has a $150 positive cash flow each month!

I plan to buy them extremely low...It wont make me a millionair but I know the rents and I figured I can bring in a decent positive income if I buy them low enough.

MEJ I am in somewhat of the position you are.

. ($350)One is on social security and is disabled – other pays rent cashiers check ($275)Unit mix 2 x 2 bd/ 1 bth Here are the numbers:Price $26,000 (they will only accept cash) I can come up with about 10k in cash but would have to take a personal loan to cover the restGross Rent: $7,500 (100% occupancy consistently)Expenses –A) $1975 (owners claims with property mgt included)OR –B) $3000 (if I assume a 40% of rents =expenses) NOI:$5,525 (if use A expenses)OR$4.500 (if use B expenses)Even if I was to 100% LTV at a $26K price at approx 7.5% Annual Debt Service would be: $2340So Annual positive Cash Flow would be: $3185 (if expenses A – owner claims) (or $265 a month)OR $2160 (if expenses B – using 40% of gross rents) (or $180 a month)Repairs known (before property inspection) needs new exterior and interior paint (additional $1,500), Roof is approximately 10 years old The money seems small but consistentDuplex Located in Buffalo, New York There have been a lot of foreclosures in that area – some I can tell were investorsOn the plus side, these tenants don’t seem like they are going any where soon.

Period.Anyone else entering the mix is in a back-up offer position.