Thinking about buy and hold with no money? Read this.

[Mindy Jensen]

My friend runs a site called BudgetsAreSexy.com. He dabbled with real estate investing himself for a bit, and has now sold his rental and his primary residence and rents a property instead.

While I don't agree with his stance on home ownership, this recent post reminded me of the other side of the coin - the landlord's point of view. The landlord is now facing quite the repair bill. 

If you're buying real estate and have no money for repairs - you're playing with fire. Or in this case, water and mold...

[Russell Brazil]

I'm pretty familiar with J Money as he lives in my area. Had he not sold his house when he did, his balance sheet would be about $125k higher now. That's the argument for owning your house, and an argument for owning in high demand east/west coast cities.