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Yeah, I got that. If you read between the lines, I'm telling you (as the voice of experience) that the content in those seminars has to be generic to appeal to a wide audience. FWIW, I was able to pick up the whole Carleton Sheets, No Money Down course on video tape for $10 at a flea market...

This thread needs another option. Became wealthy doing real estate, but I didn't pay alot of money to do it. I jumped in first, then refined what I was doing by buying books, reading up, and learning from others. Now, I gotta say that "wealthy" is a relative term. I'll never be "wealthy"...

If you did that, where would the rest live? Heck, as it is, the government has to give all kinds of tax incentives just to lead those who can afford it to buy extra houses to rent out for those that don't. No, the government knows its better if we have more homes available than the scenario...

True that. And to add to that, what is interesting is that the speculators/investors/flippers fall into two categories. Those who invested in empty or being constructed houses and those who invested in occupied houses. The problem isn't the investors who bought houses which have...

Everything has been inflated in the last 4 years. Our dollar dropped significantly. I think that regardless of what sparked "the bubble", the value of the dollar eroded so much that the bubbly prices are almost justified. Sort of like if there was a run on the price of gold because someone...

Amen. Preach on brother. Its the leverage and the steady nature that does it. Tax breaks are the icing on the cake.

Forgot to say. By day, I do a lot of Phase I Environmental Assessments for banks. I've seen a surge in orders for assessment of commercial sites over the last few weeks that seems beyond what is normal seasonal variation. I spoke about this with a commercial lender just yesterday and she...

That statement is interesting because there were definitely a disproportionate amount of layoffs on Wallstreet compaired to Mainstreet. Did it color their thinking more than it should? SM

Thank you! Since when was it ever someone elses fault when you sign on the dotted line. Some folks did very well buying houses on ARMs and selling near the peak. Are they victims too? No, these folks didn't do their homework and got burned. SM

I get your point, but if the average consumer could refinance some of his stuff to lower payments, you gotta admit he'd spend more freely again. I probably would... SM

BTW, ya'll know that a fellow here on this site once said that when I'm not bullish, then that is a bullish signal. :) Ok, so does that mean I should be more bullish? There's a paradox there... SM

Yes, and you could lock in at much higher rate then too. So you gotta decide whether the payments will be lower if you purchase now vs. later. Will the potential rate increase offset the potential purchase price change? Factor in the tax break you'd get over two year period too. Me...

Heh. No. Carlton's advice is kind of vague, and you need to delve into the specifics of it to get anything out of it. The funny thing is he is often the first image of who a real estate investor is. But often, it is muligenerational corporations that buy shopping centers or subsidiaries of...

I'm telling ya! Its cool when the banks agree to give you something right now, and then let you pay them back with dollars that are losing value faster and faster. Here, Mr. Banker, have some more money...it's worth half of what you thought it would be worth right now... SM

Yeah, I'm a bull, but it depends on what you mean by "bull". I think its a good time to add rental property to a portfolio if you plan to own it long term. I don't see payments (which is a function of price and rates) going much lower. If I can cash flow a property, and the bank will let me...

Isn't pent up demand caused by Builders of "Hotels" Multi family homes and developers walking away from ripe land deals? Isn't it caused by major track builders calling for a complete, cut and run and closing shop for a while? Housing markets are not like stock markets, but people still need...

Ah, you make it sound terrible. Say you buy a 1000 S.F. townhouse for $200,000 and you make $50,000 a year. You never pay down on the note. In 10 years, the property is then worth $300,000. Yeah, thats only $200,000 in 2007 dollars, but the fact is that you can still sell your house and...

Heh, the website his excerpt comes from has the word "mortgage" in it. Just sounds like the benefits of doing rental property to me. Leveraged, tax deductible, and the more inflation you have, the better off the landlord is. SM

Its not a good article. Following the oil boom, there was an (almost) permanent loss of jobs in those areas of Texas. The article didn't consider the high unemployment rate. If they had, they'd see it isn't an apples to apples comparison....but that doesn't scare people, does it? Here's a...

Thats what I'm saying. Prices ran so high from 2003 to 2005 that even though they backslid some, it still doesn't matter. I have townhouses purchased in 2003 to 2004 that are still up over 50%, even though they've recently dropped back a little. And with the dollar getting creamed, you still...