Every time I hear about a question like this I think about cultures of people.

Note this example is really a cash flow example given the 100% leverage.His model worked for him and he was rather wealthy.

However, northwest San Antonio is exploding with growth, most of the buyers being wealthy foreigners from Mexico, its as if the subprime slime doesn't even phase the Austin and San Antonio markets, I love seeing even 8-12% /year gains on this current slowdown where Glendale, California people are selling 50-60 K below market value just to be able to sell.

One last thought.If you wanted to be wealthy you likely need to do a lot of deals and have a large portfolio.

By this I am thinking of a wealthy person who wants to lend money to someone else rather than just let their cash sit in the bank.

It is a great way to become wealthy because it gives you tremendous leverage potential (your ability to use credit to acquire more assets than the cash you have).

Asian homeowners' barrier is not only in language, mostly in culture.

That means that our national wealth is being transferred overseas - NOT GOOD!

I live in a fairly wealthy town and all the size of this house/lot is up to par with the standard but the quality of it is not.

For instance, I know that I do not feel very safe wandering around by myself in many latin American Countries as both cultural attitudes and laws have not seemed to progress much in those countries.