I stand by my 20% cash on cash annual return on MOST properties acquired in the last few decades. I had to change to most.

I received an offer from a builder today that wants a discount if he buys 3 lots in a subdivision I own and developed. It reminded me I paid cash to purchase subdivision and made more than the 20% on lots I built specs on, but NOT the ones where I just sold lots.

I purchased nearly 70 homes at foreclosure sales and had to pay cash. Once again, I made OVER the 20% on most of them after the rehab and sale. The government then changed the purchasing rules to investor only being allowed FOUR institutional loans. I had 11 homes in escrow and 10 fell out due to that change. I ended up keeping them as rentals and did NOT average 20% annually because I paid cash and did not sell quick enough.

I have zero interest in forming a hedge fund and going back to work. As many of you know, I'm retired and have adaquate passive income to support family and fund GST's.