Similarly, if you're the riverboat gambling type, you can try looking into an equity deal where the buyer pays you X% of final sales price and/or a percentage of rental income if buy & hold.

But, the thrill of real estate success is the same no matter where you are.

The gamble is whether the annual loss on the rental scheme will be mostly covered when I eventually sell the condo.  

What do they care if I buy poorly and lose my shirt down the road.Again, just following what the market and others are doing sounds like gambling , not investing.

I have met with one banker already in person and I did learn a lot from that meeting, but wasn't thrilled with the terms, 20 yrs ARM starting at 5.5%, maximum it can go up is 2%, but people tell me to hold out for 30 year fixed.

I took gamble needing to get  the rent coming in and almost 4 years later they have been the best tenant.

Thrilled to be joining this community!

Hi Everyone, I am thrilled to have found this website and look forward to continue learning more about this wonderfully complex business, that is Real Estate Investing.

On top of that you should know exactly who is going to buy or rent it from you and all the terms of the deal.Real estate investment is not gambling.  

But I have read and feel that that is almost like gambling.