Rich - good point, it is much more advantageous if the debt was used to purchase real assets then say a bottle of Louis XIII at the night club. :) Of course all dollar denominated debt would still be less relative to your earning power.

I spent 5 years in night school to get my degree, worked a full and part time job while in school.

She's turned the water off in our suite as I was doing the dishes and again because apparently our toilet was running all night.

He still would like to purchase one or two houses on our own per year.How it works with the investor is:For example the investor gives $300kWe get 7 rentals x $500 per month $42k per year ($500 is low and this is for 12 months and we know if having 7 properties all occupied for 7 months is VERY unlikely.He gets 12% of the $300k ($36,000k per year) and we split the difference.After 4-5 years - we put all the properties on the market...and say we sell everything for $500k - he would get the $300k he put in and we would split the net 50/50What do you guys think.This is not a person I found online or through the phone...

We could indeed go straight to the listing agent thus allowing that person to get both sides of the commission but I sometimes find a property say late on a Thursday night and I know I can ask our agent to put an offer in that night and it will get done.

Anyone have any experiance with this company or Michael Kimble, Saw his info online. " the rei marketing guy"?

Why not just integrate online dating features while we're at it, Tim.

Often in these sites you can also join other area REIA groups online and get the chance to discuss issues that come up.

If you tell them you heard it in a seminar or a course you bought from a late-night television "guru," they will laugh and call you "gullible."

I understand this is not something that will be easy or happen over night never the less I'd like to know if anyone would be interested in discussing it further?