I am the only one who can loose in a situation like that.

Be cautious about large areas of loose tile.

I think when you take over, and begin being more strict, you may loose some tenants.

All that debt will be a good deal when you get to pay it back with cheaper dollars after the impending inflation from the government's policy of cheap money kicks in.When you need to buy the wife's car buy a used car for cash-- car loan rates appear cheap but they are not because you're borrowing money for an asset that looses value rapidly.

1) You get the cash flow now instead of having to wait til retirement - at which time you'll have to pay taxes on it when you pull it out.2) You can leverage that money to buy more properties.3) Real estate income is pretty much tax free anyway so what do you really gain by leaving it in a tax free vehicle that is only temporarily tax free - you'll pay when you end up pulling that real estate out of the 401k. example with some VERY loose guestimates on the numbers:100k buys you one house (worth about 130k) free and clear in your 401k.

There were also a handful of loans to trusts made by WaMu and a few other extinct banks during the mid-2000's period of loose/cheap money.Title holding trusts, of the sort commonly used by real estate investors in my area, offer first level privacy for investor types and convenience of administration, but no real asset protection.

if you loose $6k on your first deal...you just paid $6k to learn more than ANY mentor could teach you.

Those numbers are "Guru" talking points because folks think, "How could I loose" on a second purchased at 2.5% and the answer is, you collect zero, which certainly happens often.

They did it wrong.I graduated right when the bottom of the market fell out and people started loosing their jobs(December 2008).

If they did, I politely asked with a loose script what they sold for.