:cool:

NOW THAT'S COOL!!!!

With the exception of one house in Orlando I've liquidated everything I had on the East Coast.

then he told me about a property that he had near me,which i first thought was real cool my first hour and i've got a deal but after further reveiw. his comps were him just saying you could get x amount all day for this, after repair and i know the area and he was wrong all day, but i got the comps to prove it. like every body said do your homework.

And with everyone predicting a cooling off in the housing market, things should get interesting.

(my mentor/captin currently has a few rental properties, he's wholesaled, reahabbed and resold) so i planned to call the guy monday with the offer but i got little busy at work and and besides i was was hesitant anyway b/c i thought i screwed up and i just didn't think he would go that low. so this morning i had a meeting with a guy from realnet usa, they loan money to investers, buy/sell properties etc. and during the meeting the gentleman hands me a list of available properties he currently has on contract and lo and behold at the bottom of the list is the very property i vistied this weekend. they're selling for 52k with a 95k ARV with estimated rehab @ 15k. i didn't say anything i played it cool and finished the meeting, we exchange info and i went on my way. once i got outside i beat myself up pretty bad(mentally of course) for not going with my gut feeling but again i was hesitant b/c i've never done this before and that was actually my very 1st time meeting with a seller and feeling good about a particular property. all others i looked at did not seem good for me @ the time. i called my wife vented and got back to work and called my mentor/captin but havent talked to him yet. and even called the invester who originally showed me the property ( i didn't mention anything) i just gave him some info he requested and told him to keep calling me when he has properties available and he gave me one right away and asked could i go out to check it out. i guess i wrote all this to say first off i'm a little discourage, not enough to ever quit of course but enough to feel like a total moron and second.... i don't know i just would like some feedback. sorry for the long read guys and gals :violin: but i must admit i feel a tad bit better now. thanx!!

Which is cool if you're up for it, but I wasn't.

I frown upon teenagers buying new cars and financing things just to be "cool"Currently I am renting a 1 bedroom apartment, I was planning on buying out here in the big housing boom but it is leveling off and it very unstable so I am now going to purchase back home in Ontario come november next time I go home for a visit and rent it out.If all goes well I will have 35-45 thousand cash a year in savings for downpayments on properties, I plan to move home in 3-5 years...It was the best decision I ever made in my life, Sure I work 70 hour weeks, But I wake up every morning knowing I am in absoulutly no DEBT and saving everything I can to pursue REI and become able to live off rental property cashflow.

A) Cool :groovy: not a problem have a couple of major banks who dont care about how many properties you own as long as you make the payments monthly.

Let's not drink the cool-aid . . .