If post counts and vote counts don't mean anything because of that argument, wouldn't the same concept apply to guys that do 100 deals for $50 a door and end up bankrupt?

I talk about a lot of what I’ve been developing above...The strategy I detail here has almost bankrupted me a few times so I’m learning to sometimes sit with a property then groom it for sale while I work on the outside problems.  

The business model that gets that right will do very well in the near future, and I hope I work for them.   60% of brokerages with such pay structures go bankrupt every recession.

They would be bankrupted. 

@Michael EalyHey Michael I’m 23 years old and I want to become an investor, I literally read your story about how you almost went bankrupt over and over again, I even copied and pasted it in my notes, can you please text me via message in this bigger pockets so I can please ask you one very important question that came to mind.

The reason you keep hearing references to controlling spending is because of simple math:Income-expenses=savingsSavings is what builds net worth, through investing.People say increase income, but no matter how high your income, if your spending is greater, you will go deeper in debt.That is why there are movie stars, athletes and lottery winners who go bankrupt.

However, if he claims that he is a billionaire from this stock, but actually is bankrupt, that is a SCAM.

Understanding I am not Nostradamus, Ive already started purchasing, and will continue to dollar cost average down for up to a year if we keep going lower.Im spreading out my purchases among safe dividend stocks I already have positions in where the yield is very attractive like KO, AFL, CL, then making some smaller riskier purchases where there is high upside (but also the possibility of the companies going bankrupt) like Reology, Royal Carribean.

If you go bankrupt you’ll probably lose the property anyway.

If you go the route you are suggesting I predict you will either find nothing to buy (if you look in decent areas) or, worse, will end up buying crack houses in war zones that will bankrupt you.