Invest some in real estate, give some to charitable organizations, some to friends and family, and take risks in building other business ventures.

Wow Steve, you must be especially organized and diligent to run 30 rehabs as well as your 50 hour a week career.

Not interested in Apts and the main reason why is re-sell.

For example, Fannie Mae generally restricts their REO buyers from reselling a property for more than a 20% profit for at least 90 days.

This gives you $30k of cushion for re-sell costs ($5,500 or so), holding costs (insurance, taxes, utilities, etc) mistakes (you will make some)and debt service (private loan of $25k at 10% with 6 months interest is $1,250) and you should be able to flip this much quicker than in 6 months.

There are some BP members who make good money buying notes at a discount, improving their marketability and reselling them.4.

I would find it depressing to listen to all the owner's sad stories day in and day out.Once I save up a considerable amount with the help of PMLs, I will be buying mini bulk tapes, rehabbing the assets and reselling them or keep and hold, depending on the area they are in.There you have it -My nameWhere I am fromMy RE backgroundWhat I am doing now andWhat my goals are... well not in detail, I have a few goal lists short, medium and long - personal and financial.

They have a pretty good track record, though, and certainly much better than organizations with a vested interest in convincing people to buy.

Objective of a fix and flip is to purchase a property, fix it, and then resell it to an end buyer.If I purchase a rehab property and I count it as a deal, then it's incorrect because I haven't finished what I intended to do with that property, which is to sell it.If I buy 10 rehab properties, fix them all but never sell them, I can say I have done 10 deals, but I have ZERO money to show for those deals.

This, in my expereince, is where the servicer may want a bank statement if using cash.They may also ask you to remove any verbaige stating you "will flip or resell the property" as has been my experience too.