[Polybius]

In my 'mean and lean' days I dabbled in fixer-uppers for a fast turn, but never found prices that allowed me to hold the property, service the mortgage and not be negative cash flow. What was I doing wrong?

Using a "fast turn" instead of a "buy and hold" strategy regardless of the negative cash flow.

Our 1983-bought $117,000 San Diego property was in negative cash flow the entire time we paid the 15 year mortgage until the mortgage was paid off 9 years into the loan.

Now, that property spits out $1,400 per month in rental income and is worth about $400,000.

My only regret is that I did not "buy and hold" ten more just like it.

[investigateworld]

Dittos with the regrets, but in those days it was "old whiskey, slow horses and fast women, alimony, child support (in reverse order)

Ahhh the memories (AH the pain!)