Is it wiser to ride out the 30 years... or should I double-pay and be ready to make more profits in the 15years?

This was something I found out from my years owning a construction company, something I learned to recognize with my financial planning and insurance background, and something I finally implemented with my current investor mindset:Years ago I worked for a builder who would borrow money out of his life insurance policy, he would build a house with it and sell it and put the money back into the policy while keeping the profit.

Here are a few reasons why your losses may not be fully deductible:* You do not actively manage your rental so losses are only allowed if there are profits from other passive activities.* You do actively manage your rental so $25,000 in losses are allowed if your income is $100,000 or less.* Your income is over $150,000.

Agree to recoup your investment and split the profit with him when it sells.

The idea is to get a quick estimate of profitability but why is are taxes/ins left out of the calculation?

The margins are often a lot better too on these than on a "clean deal".That said, my biggest wholesale flip profit (6 figures) came from a filed probate case.

Before that I worked in new track home construction as a finish foreman for painting and drywall contractors.I find the stock market stressful and difficult to derive profit from.

That's why a those in business deserves a profit, isn't it?

I have looked at 50-75 multi family units around the Chicago area and most aren't even profitable let alone 100+ per unit.

With a little help from studying J Scott's wonderful site I soon corrected that mistake, sold the house and made a profit......Anyway, I am thrilled to be a member and I look forward to actively participating.