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<blockquote data-quote="dmac1" data-source="post: 4757975" data-attributes="member: 60252">I made more money by leaving and investing my money in more profitable, less labor intensive work. My first deal was buying a rural property, selling the timber, and then reselling for a little more than I paid, all in less than seven months. That took $14,000 cash and an owner carry mtg. I did NO physical work. Sold $91,000 worth of timber. Taxes ate up some, but I cleared close to $50k profit in 7 months. Paid a timber manager out of the profit who gave me a free bid BEFORE I decided to buy the property. Next was a run down 5 unit apartment building that with some cosmetics- paint, carpeting, new appliances, I doubled the property value by being able to charge higher rents, and the rents more than covered the cost of the mtg, maintenance, and most of the repairs/improvements. About all I did for those was some interior painting and flooring. My total out of pocket was $20k cash, and the property went up by almost $200k. Now I&#039;m retired, with very low mtg and a steady income from my investments. I occasionally need to make a decision when a tenant moves out of one of my rentals maybe once every 2 years.Your problem is that you think you are smarter than you are, but not smart enough to recognize how little you know. I&#039;d guess your IQ is just a hair below average, and you think having a near 100 IQ means you are smart. But IQ is not measured on a 1-100 scale, like a math test, so 100 is just average, and the average person like you is not very smart- just barely average.</blockquote>

[QUOTE="dmac1, post: 4757975, member: 60252"] I made more money by leaving and investing my money in more profitable, less labor intensive work. My first deal was buying a rural property, selling the timber, and then reselling for a little more than I paid, all in less than seven months. That took $14,000 cash and an owner carry mtg. I did NO physical work. Sold $91,000 worth of timber. Taxes ate up some, but I cleared close to $50k profit in 7 months. Paid a timber manager out of the profit who gave me a free bid BEFORE I decided to buy the property. Next was a run down 5 unit apartment building that with some cosmetics- paint, carpeting, new appliances, I doubled the property value by being able to charge higher rents, and the rents more than covered the cost of the mtg, maintenance, and most of the repairs/improvements. About all I did for those was some interior painting and flooring. My total out of pocket was $20k cash, and the property went up by almost $200k. Now I'm retired, with very low mtg and a steady income from my investments. I occasionally need to make a decision when a tenant moves out of one of my rentals maybe once every 2 years. Your problem is that you think you are smarter than you are, but not smart enough to recognize how little you know. I'd guess your IQ is just a hair below average, and you think having a near 100 IQ means you are smart. But IQ is not measured on a 1-100 scale, like a math test, so 100 is just average, and the average person like you is not very smart- just barely average. [/QUOTE]

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