This is a market where realtors were touting the huge appreciation, that made it ok to have a negative cash flow or so they said.

So generally the buyer at the sales is the borrower as no investor would want a deal with negative equity.BTW, that's not always the case, lots of inner city Dallas and Houston deals actually sell to third party buyers on the courthouse steps.

Now there's no more negative cashflow, but some major repair items still exist, which I can't put more capital into having repaired.I've learned a great deal, but haven't been able to recoup the capital investment that was sunk into this project.

A major guideline that goes with 100% purchases is "negative cash flow".

So after expenses I make $8,000 and I only had 20 mins in the deal.

I had a response where I was told that I was going to be $3,000/mo negative on a property I thought I was going to be break even on.

Even if I only pull $15k a year from the first two units, thats $30k a year cash that can be used to leverage future properties.

Hi guys, Ive read through and I am amazed at how much negative feedback with the bandit signs.

So, I'm not too miffed about the money, because I'd gladly pay for a good seminar or course.The real reason I was mad is that I went to the Rich Dad Education program thinking it was a new program.Instead, it was the Russ Whitney program (which I have really bad negative associations with), hiding behind the Rich Dad name.

What if I only need someone to collect rents?