In fact, I'd bet that the number is probably less than 40%.Most American millionaires (those with a net worth of more than $1,000,000) are "self made".

Yes this is my first rehab, and Yes i will only be managing and cordinated the operation. purchase the home for $10,000 from a don't wanna land lord, estimated cost of repairs are $55,000 ARV $125,000.

Here on South Beach, a lot of buildings operate as condo-hotels.

I'll bet if the "disclosure" during the ending credits told the whole truth both of these crews ended up losing money!

All MLS's are different, but most operate by sending information to REALTOR's sites once a week via FTP.

Accoridng to an analysis tool I have used, I can expect the following:Gross Operating Income: $11,500 (allowance for vacancy)Annual debt service (at 7.5%): $8810.16Taxable income: $7,310.17Net Operating Income: $7,990.00Cash flow before tax: -$820.16Cash flow after tax: $1738.40ROI with appreciation (assuming 5%): 33.39%Cap rate: 6.95% (I don't know what this means -- can someone explain?)

Many times, new investors don't understand operating expenses and think they are getting a lot of cash flow when they are not.

( 75 month, 900.00 yearly )Lawn ( 50 month, 600.00 yearly )Miscellaneous ( 25 month, 300.00 yearly )Total Operating Expenses ( 951.00 month, 11,412.00 yearly )Yearly Mort

This is to cover common areas)Utility ExpenseElectricity Water GasSewerTotal Utility Expense = 3.1%SuppliesApartment cleaningCarpet cleaningExterminationGroundsPaintingPlumbingOther Maint/RepairsGarbage /Trash RemovalHeating and Cooling RepairsTotal Operating & Maint exp = 16.6%Real Estate TaxProperty and liability insuranceTotal Taxes = 8 .1%Net = 57.9%

SKI & SNOWMOBILE MOUNTAIN RESORTS LIQUIDATION Turn Key - All Inclusive (all resorts operating & maintained) *** Ski Resort: 3 lifts, 14 runs, Snowmaking Equip. etc. etc.