The estate I just bought last year of a guy who ownes 20 homes and just sold them all in a package to an investor from Iowa. Jesse now lives in one of my homes and is eventually moving to south america. He made some good money off those homes and has more for sale in Texas.
Yes each property will have paid for its self in 5 years or less meaning hill Crest properties my business will have paid me back all money borrowed and will make profit. However I can not let profit happen so I will be looking into possibly starting a foundation. I still have to look into this...
ROI is no more than 5 years on every property. We pay cash for the property then my company has to pay me back. As far as the down turn it was the best thing that could happen, housing market went in the trash property was a dime a dozen and people needing to rent thir house hold. I am just...
No flipping for me this is a long term investment I want to make money off of every month verses a one lump sum. Plus taxes would kill me if I didn't have some place to dump money every month.
I prefer to lease upscale housing to the tenets of my choosing, this has been quite profitable and never have I had to wait on (OPM) other people’s money. No section 8 for me thanks.
I would not rent any housing I wouldn't live in myself. That is my business motto.
PORTRAIT Of A MILLIONAIRE
Who is the prototypical American millionaire? What would he tell you about himself?(*)
* I am a fifty-seven-year-old male, married with three children. About 70 percent of us earn 80 percent or more of our household's income.
* About one in five of us is retired. About...
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