If you are good enough to make 5K a month wholesaling...what I call the "short money"...you're missing the bigger picture of the real estate business.The long money...the continue cash flow from owning a free and clear rental property whose rents continue rise with inflation...is the big payoff of real estate.Let's get real...if you find properties others are willing to pay you cash for...you just sold away a lot of expertise and effort for pennies on the dollar.Get in this business for real and quit chasing the "fast but short buck".Or at the very least, stop calling it "investing"...Take some words of wisdom from Warren Buffet:We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'

It was a buy and hold that needed quite a bit of rehab, so not too big a deal.

You'll learn how to do it from doing that.By the way guys, hard money lending is quite different and more costly than private money, so don't confuse the two.

I am not quite sure what exactly P and S stand for in this case.

I don't know if I should just cut my losses and start selling my properties (They would actually be quite profitable if they were fully rented).

*experienced in estimating repairs/costs*can do quite a bit of cosmetic work myself*licensed RE agent*have a multitude of marketing platforms(also interested in ca$h partner)[email protected]

Speaking for Indy and in agreement with the other two, the midwest is incredible right now.You could get quite a bit more here in Indy for $80k-$100k than you probably could anywhere on either coast.

You buy your FHA home, you then have it quit claimed into your LLC, you then rent out the home to renters who give you a rent check made out to your LLC.

I was recently speaking to someone who owned a vacation condo in Hawaii and was quite shocked to hear that his property management company charges him 50% of his rental income.

I was just eating lunch and almost lost it.