Using the 50% rule, your expenses will be taken out of the 50%, and your cashflow at the end of the equation will be your profit.

If you're losing money with the property being a rental, but can sell at a profit, I would certainly sell.

-100k financed at 7% for all 100k (commercial loan) = 665 P&I-Gross rents $1800/month-should be around $100/door profit using the 50% ruleAm I missing anything?

they see $$ and try to make profit, instead of getting out of their rut.

In my opinion tax deed sales is one of the most profitable ways to make money in Real Estate.

In my opinion Tax Deed Sales is one of the most profitable ways to invest in Real Estate.

Thanks for the reply Ned.What i'm trying to do is find something I can do as a job,while also learning as much as possible about the rental business.I like having as much information as possible.Since my post i've thought alot more about it and think I might be more suited towards property management with my current skills.It seems to be a better avenue to learn the business than simply getting a real estate license.If I do get into it though,I would plan on getting my license simply to add an income stream if nothing else.The courses and testing/licenses are very affordable and I love adding to my education.Real estate law seems to be something really good to know if your buying/selling real estate for profit.

(If you are running crews, it is always best to pay on Mondays, but that is for another thread)While there are many crooked contractors in the field, you also must realize that there are many shady investors out there too.The 50% plan has worked out well for all parties, and it builds the foundation of trust that both sides need to have.That said, there is a sea of very bad contractors out there, and many will rob Peter to pay Paul, and others will just leave you in the middle of a project for one that is more profitable to them.

Don't know what ds.com is, so I guess not.You only have to pay taxes if you have a profit.

The recent declines in home prices and high foreclosure rates in this market have given me reason to think that the next coming months (if not years) will present good opportunities to smart investors to profit handsomely from buying properties "at the bottom of the market".