Not sure if you are old enough to remember the housing bubble bursting about 12 years ago but a lot of millionaire investers moved into the poor house   My advise to you is to tread water until you save enough to purchase a second rental and not put your other house at risk 

He always said he lived in the poor house in floydada.

Yeah the bid process is a little wacky, but unlike E-bay, these sneakers are bit more expensive and bidding for them can put you in the poor house quickly.

And if you do better than thats great.. but your not shocked or worse put in the poor house if the NICE turnkey guy tells you running cost are 30% and your counting on the cash flow.I foreclosed on many a client from LA who bought into the 30% cost when costs were really 50 plus in Turn key markets.Also be very up to speed on your Insurance policies..

There are some that do it, but most of us avoid it like the plague.It is an excellent way to put yourself in the poorhouse.

The odds of the loss being so great that you have to sell all your properties and head to the poor house?

The odds of the loss being so great that you have to sell all your properties and head to the poor house?

It is hard to do and can put you in the poor house.

I'm not a big fan of the whole "I grew my portfolio to 300 units in 24 months" approach that is touted on the podcasts ... it may be a recipe for attracting advertising dollars for BP, but in the long haul believe that its practitioners are more likely to end up in the poor house as they are to on easy street.

My number one hurdle right now is convincing my wife that we will not lose everything and end up in the poor house by investing in real estate.