My dad worked in the defense industry with a lot of USAF guys and many of them were involved with real estate after retiring (and here in LA, where things are pretty pricey and competitive). 

I bought them each 2 months apart so that we could move from one to the next but the time overages just kept compounding, current one sat for 3 months not even touched because he dragged his feet on the last two.

If we spend the time to complete college on investing we would have compounded more and would have gained experience in investing.

That location was Southern Calif partly due to the tremendous defense spending that was going on during this downturn.

Now compound the value of time by the value of mistakes and accidents, and the expenses of those, NOT made due to having gained knowledge from others?

I have had maybe two outfits that are considered "nice", and they both got ruined from joint compound, paint, and caulk. 

I put 35k of the proceeds towards the first property purchase i made in the US when i moved here, this one property grew into a almost 1,5M portfolio within 3years, creating enough cashflow to buy / build another car WITHOUT having to work 14h days - but after seeing the compounding effect of putting that cash back into Real Estate, it really helps separating the WANTS from the NEEDS 🤯That beeing said - I still do get to "scratch the itch" from time to time on the track, and have a little project in the garage (actually in the garage of one of my rentals, and i only spend money on it when i close a new deal).

You remembered that one line, and now everyone is telling you it’s bunny stew...cause it is.I’ve yet to meet someone who was able to stick with their financed properties for 10+ yrs and had the finances to whether a downturn, regret it.One thing I’ve usually noticed is that: Those who own additional properties often tend to become more successful in the long run and take on more overall risks, maybe because they have those investments to “fall back” on as a safety.Wins compound over time.

Thankfully, many politicians rely on economists who are smarter than you or in framing economic policy and incentives for growth.For us simpletons, the biggest impact 1031 Exchanges give to the American economy is that - THE GOVERNMENT GETS TO TAX THE COMPOUNDED VALUE OF OUR COLLECTIVE REAL ESTATE INVESTMENTS AS WE SELL INDIVIDUAL RE.

This could be compounded if there is a lack of mortgage money available for those that want and/or need to refi when they come out of forbearance/deferment period, which would most likely bring additional inventory on to the market place.I’m all for being positive, but we need to be aware of what could come too.