I have no agenda here, really!

Home prices are rising at the fastest pace in six years, home purchases are up nearly 50 percent, and construction is expanding again.But even with mortgage rates near a 50-year low, too many families with solid credit who want to buy a home are being rejected.

Thats going to be the biggest obstacle for you to overcome initially.But if you can start buying at a slow and steady pace now, you're going to be sitting pretty in 10 to 15 years as your portfolio will have grown.10mil in equity and 500k in passive income is not going to be easy though depending on the timeframe you're expecting to achieve that in and the amount of money you're going to have to invest over the years.If you can end up with a 10 million property free and clear, you will very likely be able to bring in 500k in passive income if not more.

Also, the big six, who hold most of the NPN going through foreclosure have a watchful eye on their standing REO inventory and take care not to create an excess in their inventory by slowing dripping the foreclosures into the market place and turning them into REO at their pace, not the desired pace of street level investors.

They have personal agendas, plans for the houses, want some of the stuff and ideas abou what to do with the cash from savings or sale.These living people have bills to pay, children to feed and habits to pay for.Find the pain and the things that interfere and solve those problems.

There can be some truth in some of it, but I'd say it's blown out of proportion to justify an agenda.

You could trace it all to Prop 13 as far as when Cali values started to climb at a much faster pace then the rest.

We also have a little higher turn around rate (a double edged sword) but we believe this allows us to better keep pace with the market, minimizes potential for damage, and demands that we be efficient in our management (a good discipline for the future).Any more thoughts?

I would raise their rent some each year regardless but would always go back and run the numbers (inflation, mortgage note, water bill, taxes, security light, maintenance, etc.) and make sure the numbers work to positive cash flow.the last thing you want to do is to not raise the rent for 3 years and then get a bump up on your water bill or taxes and then have to raise the rent all in one shot.easier to do it gradually over the years keeping pace with inflation and expenses.Brad McLeod

We now live in a country where the agenda of the American people and the agenda of politicians are not in concert.