Posted by Douglas Lee on July 24, 2001 at 14:28:24:
I assume you are still referring to “subject to” and L/O deals.When you are doing 10 deals a month then those peanuts start to add up. At just $100/month positive cash flow per deal you would have $1000 cash flow from 10 deals and after 10 months be up to $10,000 a month income. I could live on that! Then when your tenant/buyers start to cash you out in order to receive a better interest rate or exercise their option you are looking at anywhere from $5,000 to $10,000 or more money on the back end after closing. If you keep your pipeline filled with these peanut deals you will retire a very wealthy man. Not to mention the fact that you have helped people to buy houses who otherwise wouldn’t have been able to. I love peanuts!