Lately I have been thinking about the real estate business, and how it has changed so much over the past 10 years. Most of the techniques taught today were around 10 years ago. There were people doing assumptions, lease options, flipping, rehabs, etc., back then too. But what is really different today is the increase in the number of courses, infomercials and clubs that encourage people to become real estate investors. And those efforts are obviously working. The ranks of those who call themselves real estate investors have swollen dramatically during the past 10 years.

Most are attracted to the promise of quick profits from flipping or rehabbing. It is exciting to think about having the opportunity to make a 20K profit in just a few days time on a flip deal. I have seen it done. I personally participated in a deal that netted $25K in profit in only 3 days. On a number of occasions I have seen 10K profit deals put together in just a few days. It does happen. Guess what else happens? You get to pay a significant portion of those profits in taxes. Oh, and people forget to tell you that they can