Congrats on the profits but it’s like patting someone on the back who just won at the Black Jack table if you’re strictly depending on appreciation .

If the funds are coming from somewhere else, it's a financed transaction, pure and simple.The reason for this is that if the funds are yours, there's 100% chance the deal will close (if you want it to); if the funds are not yours, there's less than 100% chance the deal can close (your lender can die, go out of business, decide he hates your guts, lose his money at the blackjack table, etc).

They think any deal will be that "easy" and then go broke on the 2nd one.Kind of like winning your first few hands at Blackjack and then doubling your bets and losing it all on the next few.Keep up the good work but be careful.

Depending on what kind of sealant you already have in place makes a difference, but last time I looked Walmart ( or any big box store) had  both black jack ( I LOVE THAT STUFF EVEN IF IT IS A COMPLETE MESS) or the white elastic stuff in 5 gallon buckets for like 75.00 to 100.00.

I get it that everyone wants to come to the party, especially now with prices having risen fairly dramatically, but sometimes I wonder if the Bigger Pockets room is akin to standing on the floor of a casino where a few people have won dramatic sums in some of the "skills" games (poker, blackjack, etc), and everyone else starts running out into the hallways begging for money to drop in the slot machine so they can get theirs too.Anyway, it seems an interesting philosophical question to ponder, and I'm curious what others may think!

I compare it to playing blackjack.  

You MAY someday be able to refinance this for a lower rate, but if the success of the investment depends on that it is akin to the blackjack table.2.

I took a realtor course through Century 21 a few years ago for fun (i was making good money as a blackjack dealer) So I am starting at a point where I know the basics.

It can happen, but it is, literally, equivalent to sitting down at a blackjack table and winning hand after hand.

You can also win five hands in a row at the blackjack table.You can also lose five in a row.