Four years ago, I was making $30,000 including overtime trying to survive in Fairfax, VA where the median income is just over $100,000 a year.

And I won't buy real estate from someone whose business model is predicated on avoiding licensing laws and their accompanying financial disclosures and ethical standards.Buy something and then offer to sell it to me.  

But maybe a Bad Deals Survived forum.  

Obviously the system’s wins must offset the losses AND the system must be able to survive a losing streak without running out of money.

Taking 50% although they are doing the books will make it tough for you to survive on that.

Despite the fact I did very well with my model, I think he had the better model.

Do not be in a hurry and do not do a deal you can not survive if something should go wrong.

gary, you are selling in a sellers market and buying in a sellers market. you are going to do very well on your sale but very poorly on your buy. if you ran your numbers adding in "rental savings" and booked that amount towards interest earning accounts etc instead of using the net difference to fund your normal living then MAYBE it could benefit you.i am in a similar situation and i am in a WAIT AND SEE mode right now.

They can hurt the Iranians and Russians who need $100 bbl, while not angering the US, where producers will survive with $65.And after that all plays out, prices will rise, probably by a lot.

Just typical old house stuff from what I hear, but not my normal business model.  I