I have time and I am looking for an income stream.

At least eight colleges there in central Arkansas, and neighborhoods that are constantly evolving—at least that's my take on it.

Then you just collect the income stream that rolls in for debt service and let the new owner deal with the land etc.You could collect a small payment and offer owner finance and then wrap around the existing note as well.

A business law book, principles of real estate, accounting 101 will get you through bookkeeping, a personal finance text talks about use of money, get a used managerial accounting book (it deals with management decissions in concept.....it answers all the questions of should I use a loan or my cash) a basic business finance text (101/102) explains income streams, notes, bonds, capital financing, etc.

Us short people are not at risk here, but I have seen way too many ceiling fans that are at about 6'6" that someone installed without thinking.Construction adhesive does not take the place of nails, for most purposes.Don't wire 3 way light circuits to break the ground, leaving a constant hot to the light .Some cheapskate figured out that toothpaste makes a great filler for nail holes before touchups.

All those streams will soon be a gushing river!

Originally posted by Shannon Shannon:Well...After this I don't think I'll continue to respond to those of you that aren't supportive of my quest because it seems I am constantly on the defensive and restating many of the same points previously made.

It basically means buying a low price based on current NOI, and then increasing NOI by rehabbing, putting in strong management, putting in better tenants, raising rents, building new revenue streams, etc.The increased NOI creates a higher value...

While this particular situation may not be a successful example of "challenging the system," I believe that I will better myself by constantly testing the standard(whichever we are talking about) against new theories and unorthodox practices.

Remember, a trickle turns into a puddle, that overflows and turns into a steady stream, that turns into a river, that runs into the ocean!!