I never had a defined goal and that almost made me go bankrupt owning 35 of the wrong properties.As for the things you hear or the what you think, I believe those are just stories you are hearing in your head, To me that is not reality.

I remembered seeing this earlier this month,http://www.zerohedge.com/news/2015-12-05/bankrupt-...If this gets legs, it will be a bubble machine!

People cannot go bankrupt easily as it ruins the next 10 years of their life.There are many, many other benefits.The DOWNSIDE is that average purchase price is close to 500K now and gross yields are 3 to 5% in OZ and 7 to 9% in New Zealand.

It is bankrupt and operating with a skeleton police force.

I will have to find out if there is insurance or some kind of guaranteed payment if the company were to go bankrupt in 7 years.  

It is hard to go bankrupt when we are not leveraged so we find this to be an extreme benefit with possible recessions or economic downturn coming into play.I'm still skeptical about putting $220,000.00 into a company that has zero production. 

The only difference is that Texas has a much more diverse and booming economy (Illinois is practically bankrupt).

Fast-forward 6 months or so when major companies are bankrupt, 30-40% of all small businesses cease to exist and forbearance programs are done, stock market is in full bear mode, a possible resurgence of COVID-19 and the pressure will be real.

The US is already a top 10 most indebted country and the government will bankrupt itself if it is forced to pay higher interest rates for a prolonged period.  

Most are forced into settling or go bankrupt fighting and did nothing.