Paranoia kickin' in...

[Mike Seluk]

If unemployment is on the rise, couldn't that make it way harder for us to make money? It seems like that could make getting started much harder.

I'm thinking about the trickle-down effect here. If I have a tenant who loses his job and has a hard time getting another, the rent might get bumped down on his priority list. Sure, I can evict, but then I'm losing money.

And I'm coming up empty on exit strategies for a rehab. Banks aren't lending, who's buying?

If I lose my job, my primary source of income stops while I'm holding onto my primary residence as well as a rental. If I had a hard time getting a new job, I wouldn't be able to float both of them for too long.

I *did* lose my job a few months ago, which is where these thoughts come from. Getting another wasn't too hard, but the new job requires travel, so I've been out of town (in Denver!) for 3 months now. I could see this trend continuing, since my job is semi-construction related and anyone in SWFL could tell you that things are slow down there.

Does this really just mean I'm not ready financially to get started? Thanks