And if the sponsor isn’t good enough for the debt lender—the safest segment of the capital stack, why should they be good enough for the equity...the riskiest part of the capital stack?

I think you have two very distinct things going on here.. you have folks that have no real formal real estate training and they are simply investing in rentals.. and then someone like me who is in the business owned real estate companies owned mortgage companies own's a building company .. and HML company.. all related to real estate but not one dime comes from rental income..

@Linda Weygant @Kevin Coggins  when he mentions negative gearing that is a distinctly Australian term.. for whatever its worth you will not hear US investors mention that or even know what it means. internet is a wild thing.. when you can create all these persona's.

Today, it isn't as much anymore because Salaries have stagnated for about 30 or so years, especially if you look at Buying Power over the 3 decades.I want to make a distinction between PAID education and FREE education (or almost free).

The healthy, wealthy, and wise distinction is genius and I can review this book for the rest of my life and still gain something new every time I look at it.3.

All segments of our population must be served, housing is not an option and your target market will be unique.

Note there is a subtle distinction there in the sense that she enjoys mostly what she does, so she hustles, whereas my grind is a means to an end.

To place in the top 1 percent of Americans, they would need to bring in at least $389,436.But do either of these comparative distinctions make you wealthy?

The world need me to be clear about that distinction.

Anyway just was a little amused at your thought of a realtor and a wholesaler being distinctly different when in fact they are exactly a like only the wholesaler has a much smaller amount of inventory to work with.