You should be able to find cashflow positive deal under $80,000 but they usually need rehabbing.

"Bad debt" buys stuff/junk that either incurs meaningless debt service or is "wasted" from a financial independence perspective.If you buy some income-producing property where the annual loan constant times the LTV is less than the capitalization rate you will get positive cash flow.

Here are some steps you can take today to begin the recovery process – while you invest.Credit won’t be as readily available to you, so the first order of business for you will be to try to quickly build some positive credit.

It will take a number of years but our goal is to have several by the time we want to retire and at that point have a positive cash flow.

Personally, I like to have a $100 per month positive cash flow.In my opinion, this is not a good deal and it should be purchased at a much lower price.Rents are set by the market, not the landlord.

This is frustrating because 1) I am only looking at properties with a positive cash flow and 2) I have enough in my checking account to take care of these mortgage payments in case something happens for a couple months.What can I do?

I saw your post and wanted to apologize for the slow speeds that you experienced and let you know that we are currently testing changes to our service that will have a positive impact on the speed issues that you are referring to.

you hold the first position; assuming no other liens are in place, if you're foreclosing on the property - do you HAVE to put it up for an auction or you can take over the property and own it?...

If so, that puts another lender in second position, which will be tougher to find.

Was hearing many 2nd position lien holders will sell their position off last minute thinking if the 1st forecloses they lose it all.