@Account Closed, more lucky than successful and I guess some could consider me wealthy given where I started from. (Having some wealth does not necessarily mean you're wealthy.) I'm just concerned that with the high valuations out there, some investors are getting overextended and operating with pretty thin margins. Speaking more of MF here but the same could be applied to folks with numerous SF units. Was out of state this past week and saw a number of MF properties that were bought for a song in 2010, and others that went into foreclosure around then and were completely vacant and badly deteriorated - likely candidates for demolition.
The facts are most people will never even have a chance at obtaining the wealth they'll have access to over the next 7 to10 years in real estate.
Is it all going to crash again? Of course it is it's just going to be a cycle .
At this time we'll know when to step off the train before it goes over the cliff because we'll see it coming a mile away.
When I start advertising hundred percent no doc loans again sell everything all your mutual funds and all your properties put it all in the bank, go rent for 4 years and do it all again
The facts are most people will never even have a chance at obtaining the wealth they'll have access to over the next 7 to10 years in real estate.
Is it all going to crash again? Of course it is it's just going to be a cycle .
At this time we'll know when to step off the train before it goes over the cliff because we'll see it coming a mile away.
When I start advertising hundred percent no doc loans again sell everything all your mutual funds and all your properties put it all in the bank, go rent for 4 years and do it all again