You should really think about lifestyle when considering this question.

Or, what if it was possible to work as much, or as little as you liked because you were able to develop streams of income that supported the lifestyle of your choosing?

On a conscious or subconscious level, all of us have felt the impact of fear in our lives.

i guess i am also holding home equity in high regard but that's only because i'm a saver and don't try to live a lavish lifestyle and am not too worried about needing to pull the money out (even though i know it's always smart to keep an emergency fund). my next investment would be financed by either:1) a combination of savings + sale of current condo2) a combination of savings + HELOC on current condo (but i also understand that there won't be much equity to draw on in 2-3 years)i guess the problem is i really like the area i'm in and think the property will be worth a lot in the future (5-10yrs).

if i try to flip it, i would barely make my money back if you consider the closing costs that were involved. don't even get me started on the fines i've already incurred and the lifestyle i've had to endure while basically living out of a suitcase, trying to get these rehabs done.

Ever since I was about 12, I've had a vision in my head about where I wanted to end up, what I wanted to do, what my lifestyle would be like, etc...

Originally posted by "GreenHorizons":I left Ukraine 19 years ago whats the real estate market like. have things changed alot obvoiusly in real estate they did but how is the life style now?

If you're going to take on the responsibility and issues with owning and renting a property, then it absolutely has to cash flow in a way that will positively effect you and your families lifestyle.

becoming a successful investor is a lifestyle change.

My original long term goal was essentially to retire from my 9-5 job in 15 years time making enough to have a comfortable lifestyle on income from mutual funds and stocks (I'm slightly ahead of target on this front) but believe I can shorten this to (at most) 9 years if I add real estate into the mix.