Mach, I think you're wrong.....I've been betting it's 1-2 years down the road in this instant gratification society.

Originally posted by **********:Mathew wrote: "I'd like to know your system or how you cashflow on your properties" I BET!

You may make it out ok, but I bet it won't be as much fun as you thought.

He still would like to purchase one or two houses on our own per year.How it works with the investor is:For example the investor gives $300kWe get 7 rentals x $500 per month $42k per year ($500 is low and this is for 12 months and we know if having 7 properties all occupied for 7 months is VERY unlikely.He gets 12% of the $300k ($36,000k per year) and we split the difference.After 4-5 years - we put all the properties on the market...and say we sell everything for $500k - he would get the $300k he put in and we would split the net 50/50What do you guys think.This is not a person I found online or through the phone...

I bet that he will be just fine!

Anyone have any experiance with this company or Michael Kimble, Saw his info online. " the rei marketing guy"?

excellent points....I kind of forgot that the HELOC rate could change....mine has a locking option as of yet, so that could help me hedge my bets...thanks for the reply.

Why not just integrate online dating features while we're at it, Tim.

Often in these sites you can also join other area REIA groups online and get the chance to discuss issues that come up.

Tell them at least you made some of the payments, and now they have the house back to sell again.Your best bet would be to find a house the owner owns free and clear, and get them to do plain and simple owner financing.