It's a gambler's game around here in REI. 

Hello,I've spoken to two well reviewed mortgage brokers that I found on Zillow, but unfortunately I haven't been able to get pre-approval for an investment property.Here's my situation:I have been a tax paying pro gambler since 2010. 

where were you when about 200 plus families in La I had to foreclose on and take their investment property from them.. its a nightmare I am not saying no debt its not realistic until you get to a certain level but having free and clear assets is a choice and no one can take them from you..I am a gambler anyway I gamble on appreciation every day.. and value add..so maybe I am not the best to have this argument with.but when I look at the truly wealthy friends I have and I mean truly wealthy  not 7 figures but 8 figure to 9 figure net worths most of what they have is paid for it not all.. unless they are in big syndicated deals.. houses are paid for second houses... house s at the ski areas the lake front homes.. etc etc.. but I guess I am just more in the limit debt camp for long term liabilities..

Filing taxes as a professional gambler is brutal.Clearly, I am not afraid of what some may perceive to be "risk."

People who bought a house they couldn't really afford, assuming that their income would rise and their house value would rise and they could refinance are gamblers.

I'm a professional poker player but I file as a professional gambler for tax purposes - more write-offs.

Basically we're all gamblers, some putting it all the line with spec houses and office buildings, etc., others playing it safer with less risky ventures.

How about having a gambler for a tenant?

Have to have enough money to handle the swings when the gamblers actually win, too.There are numerous empty ones here in CO.

Even if it is just a gambler who's luck has run out.