I believe that there are enough deals / profit / money for us all to be wealthy.

Unless your a wealthy buyer its difficult to weather negative cashflow for long.

Item #3 can make the difference between never taking action and building a sizable wealth. I

Maybe its the culture of RE, but whatever, I'm loving all the info I'm learning off BP!!

I just wonder what we will lose in the future in terms or art and culture.

I look up to these people and want to be like them, successful and busy and wealthy, and they just won't help me.Do all mentors just want money?

His mother is quite wealthy and she is going to "take care of things" for him.

On to another wealthy country today-Oman.

Carlos certain parts of California and New York for example are appreciation driven.Meaning some wealthy people care little about the cash flow but rising annual rents and appreciation on the back end and to cut their taxes with depreciation.In those speculative markets you might not even find anything close to the 50% rule.

They get paid when you buy, whether or not that purchase makes you wealthy or makes you bankrupt.