We are simply trying to arm you with a more realistic view of what your returns are going to be.Owning rentals is gambling.

I'll tell you, if I were there, I'd snap it up for $60,000 and be thrilled to death.

It's also based on a tax system that doesn't handle gambling income in a very logical way.Technically, you are supposed to report all of your gambling wins/losses on your taxes.

I would love to get a group of Chicago BP together and I'm thrilled that everyone on this site is on the same page of no "gurus" and no sales pitches.

When handled poorly (thoughtlessly), it's gambling.

I agree - seems like a gamble definitely not worth taking my friend

I have a property mgr for 10% and have to date not had a vacancy.However, being in commercial real estate, I know there is always that gamble.

Ok for some reason my reply got posted before I was done.Long story short: they wanted about $1400 for the coaching program.I'm not saying that it's not worth it, but I wasn't too thrilled abut their delivery on trying to get me sold on it.

I don't need $5k, and would rather enjoy the thrill of management to see how things turn out.

Now i just gotta get my buyers to step up, and step up finding more buyers.Got a core few buyers but I've stripped their capacity.Still, it's a thrill landing the deals.