I rented the house in California and the property is cash flow negative.

I only look for desperate sellers.

I only do them when I need to.

I don't have a mentor, nor a family that takes me serious hell they even think what I'm doing is a joke,and laugh even more.Their best advice is get a job/join the military nor anybody I can actually count on helping me.I don't really have a friend my age,that actually has the same entrepreneur spirit as me.Basically they all have same mind set getting a job,partying,getting drunk,not giving a damn about their future in 20 years, killing time like it has no value to them.Learning from all my business failures is that I dont carrying it out in the end,I usually give up when it get's tough.After reading "Rich dad& Poor dad" reminded me what I'm fighting for,just gave me more motivation.Just everyday get's more hopeless,and more negative thoughts battling positive thoughts.What frustrastes/angers me to the core more than anything, is my greatest talent is creativity,I come up with several business ideas that can make me a fortune,but can't do anything about it,and watch such great ideas go to waste.It's like watching your house you built with your bare hands,broke your back building it being burned down to the ground.Also when something so simple to achieve,but yet I only have myself to blame because I am the one who makes it difficult I guess.I keep telling myself,the harder the struggle,the greater the pay off.I keep asking myself what the hell am I doing wrong,but the answers just don't appear.I just want to know what all those millionaire investors will do when they go back to sqaure one and only have 5k to invest in,I ask myself what will they do.What will you do?

I am hearing allot about it and what's you view on it postive and negative.

I would be willing to accept no cash flow if not negative if I have a property that will be re-developed in a few years or that I have leases rolling and I can push the rents.

I only collect the deposit after selecting someone.

. $5,000-$10,000 just in fees, then your rate is going to be 10-15% which will give you a negative cash flow with a $1500 rent payment.

I only know of a couple new condo development deals right now and that is in downtown Cincinnati at The Banks.

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