<p>we do loans, loans from everything possible
we buy the cheapest, crappiest, torn down houses (and land)
and we start building..cleaning</p>
<p>yea, i realize that</p>
<p>But if you have loans on the properties, how do you make $70K/yr?</p>
<p>the gap between the bought and sold is big enough to pay back the loan and make an extra 30-40k for each house</p>
<p>But you said you rent them.</p>
<p>yea
those are for long term investments
they dont necessarily make up a lot of the 70k tho (rehabilitation does, actually)
i have to invest them in bulk (50 properties or so) and over a course of many many years, to see effect</p>
<p>and i've only invested in 15-20 or so, so far</p>
<p>Personally I no longer believe any part of your story.</p>
<p>ok, but why?</p>
<p>sorry to be jumping into this thread, but I thought that my message would be appropriately included within this topic. I worked during freshman year of high school in my stepfather's gas station. Am I allowed to write down that I had work experience here, even if it was only on Saturdays (5hrs.)? Would colleges not like that because technically it was a family thing?</p>
<p>yea, put it down</p>