HelloWas wondering if anyone has consistently been showing very little profit or even taking losses on a rental properties year after year when shown on paper.

My goal is to become a successful wholesaler and use the capital and knowledge from wholesaling to invest in building a solid real estate portfolio that consist of buy, fix, and stays and buy, fix, and sell properties to build wealth.

He has consistently paid every month with a money order.

Tenant has been consistently late in paying rent every month since starting the lease, and she's not even been paying with her own money (charities have been helping her out).

My strategy consists of working full time for lending purposes so I can purchase buy and holds that cash flow.

So one property pays me $150 a month and the other pays me $350 a month.One of my investors on a recent deal wants consist payouts as he is retired, so we will have a minimum payout every month to both of us.

Far too many of those find themselves in the Detroit Landbank.Enough of these threads on here also speak of the tenants in these areas and the pro tenant laws of Wayne County, plus lack of consistent city services should steer you clear.If you are looking this side of town, go a little further east down Mack Avenue and look in an area called Harper Woods, south of I-94.

Good luck, keep networking, keep learning and remember consistent action is what makes you go far!

I am in no rush and look to consistently and wisely develop my business over the next 30-40 years.

The property consists of two older homes built in the 1940s on about 2 acres of land.