Even if i only get 50% rent it still positive cash flow with heavy maintenance costs accounted for.Looks like a good deal the drive wouldnt bug me i would have it prof managed.

Beerock,I don't think you understand operating expenses yet, so I'd bet that the properties you're looking at are negative cash flow, not break even.

Then BANG, I call my partner, and he just starts putting things in the negative state..

But, as Bryan pointed out, it's starting to feel like you just want to argue about this -- and I only participate in pointless arguments on the Politics forum -- so I'm done here...

Obviously, properties with negative equity aren't going to work for the wholesale flip business model.

Put that theory into action and let go of all that negative thinking.

if you can't sell it for a year, when you do and add in your negative cashflow + repairs + 2k flipping penalty = pretty good loss if you get stuck with it for awhile, and about break-even if you don't (not including possible vacancy or major repairs).

Here is what I look at - it's the only way that makes sense.Does the property provide a positive cash flow or a negative cash flow.

investors who bought a year and 2 ago are facing either foreclosure, HUGE negative cash flow, or cancelling contracts and forfeiting their 20% deposits.

I'm hoping to join a club to learn about REI, and help where I can, i only know from what i read, which isnt a lot since i dont have actual experience.Whats the usual spiff at the meets?