I think I have heard that about Warren Buffett, hard to argue with a strategy that brings in billions! 

The dollar figure is somewhere in the $700 to $600 billion mark according to recent reports issued by the Federal Reserve Board of Governors for residential real property.Banks are not the largest holder of mortgages in the United States, have not been for some time.

Would banks give billions upon billions of dollars of 2nd position loans (either 2nd mortgage, HELOCs) if they couldn't collect on it??

I myself have half a dozen banks in the PDX metro area that are all small commercial under billion dollar banks that I can indeed call and get OREO list..

When they do commercial loans they're in the millions or billions with 100+ unit counts.

If YOU are ready, then go for it.Here are a couple of things that I really like, Trump's how to get rich, where he talks about going for it, his first deal, and being 9 Billion $$ in debt. http://www.youtube.com/watch?

Oh, got it...I thought you were saying that this was true of all 1.3 billion Chinese people.

If I started at the same age as you, I will probably have acquired BILLIONS worth of investment properties not MILLIONS. :) Continue on this path and stick to it despite the obstacles.

the flood program has a $25 billion shortfall that been made up by the taxpayers.

Seller financing is in the billions, it's full of amateurs causing problems, some intentionally and some unintentionally, causing the public financial losses, just a fact.