I "buy" the property from him today for $280K and in lieu of a down payment he continues to receive the cash flow that the property created last year for a period of 10 years.

We were going to continue on the save and pay model, however, it just made financial sense for us to get a loan and lock in today's prices.

If you continue to hang with those you always hung with in high school, you're not advancing socially so much as going with the flow.Not being snobbish, it's just that if one has the chance to get into business with only peers, you're more likely to stay with peers.

I had one guy get a contract on a place just to show residency to scam the government in another state to prove he had occupancy so he could continue collecting from them monthly.

It was my understanding that as soon as a new tenant occupies a space the old tenant is not obligated to continue paying.

Morning BP FamilyCurrently a Merchant MarineNew to real estate investing looking to learn the ropes.Attended a local rich dad siminar and enjoyed every minute of it (3 day seminar)Cant get enough information about RE investing Will be going to the local REI club to continue networking hope to help someone currently in RE investing while being taught by them and making money at the same time.Have read a few booksAnd right now really focusing on proving to myself and other that I am ready to start this journey and put in the work necessary to be successfulAny information you can give me would be greatly appreciatedThanks again!!

I continued renting to them, and the prior owner never fixed anything, so I fixed what I needed to fix and left them with no security deposit.

How long have you been wholesaling, how many deals do you wholesale each year, did you start out wholesaling, and why do you continue wholesaling rather than rehab flips or holds?

However I would like to continue operating the property-management side of the business.

If you just did this work full time as a contractor on other people's properties I think you could make way more then the $40 profit in 2 years (+ free living while you do it).Or continue to do flips but oversee the work on yours and several properties at once and leverage that skill into more profit.Just food for thought as to how you can take that passion and skill that you have and make it work for you even more.