Originally Posted by doitmyself
Originally Posted by Wolf359
Originally Posted by pandus13
Originally Posted by Mr Nice
38 x $900 =
38 X $900 X 9 months = $XXXXXXX/year
Don't forget to minus taxes, water/sewer, insurance, mortgages, repairs, utilities, etc.
In the thread above, Fawteen states that the 38 x $900 x 9 months = $307,800 is the annual take home profit
after expenses are deducted. He did state in another retirement thread that he "worked his tail off 35 years" to arrive at his current place in life. I imagine someone could turn house flipping into a lucrative income also, but probably not overnight, just like Fawteen did not.
Yeah, there's some additional cash flow and appreciation that comes with time. Mortgages get paid off, prices increase, when interest rates drop you can refi for better returns, rents go up etc.