HI to the whole DG family,
This is my first entry, but not my last. Let me start off by saying two of the best books i have ever opened, THANKS DEAN. I am so glad you got into real estate. You have inspired me to look at life in another way.
I'm not new to REI I started about five years ago. I have flipped three houses still have four rentals. I make about $900.00 per month PCF. When I first started I was very motavated and then my life started falling apart. My wife left me because I working 100 hr. a week, we have two kids I might add. Then I had a motor cycle wreck and could not walk for three months. After I started walking again what do you know I had another one. After about a year of hell my wife and I worked every thing out. I forgot to add that I also own a res. construction co. and was in the middle of building our new home when all of that started.
I'm getting back in the game with my wife on board this time. I am just having a little problem getting a house that I payed cash for refinanced. No body ever told me that the more houses you buy the worse your det2income ratio gets. You know when your self employed you don't show a lot of income on tax's but when you get into REIing you got to bite the bullitt or you will not get a loan. If any one knows how to get around this please let me know.
I started building my buyers list to day. I tried going to a hud auction site and getting investers add. off pva, works like charm. I also got my 1-800# and had 100 signs and car magnets printed up. Working on a lot of flowers to pass out while my dog is snoring in the floor beside me.
Well thats about all for now its my kidds bed time. If I don't stop typing they will not go to bed. My son can not get up for school in the morning as it is and he's 15 yrs old. I might be back in a bit.
Millionaire in Training