That's why it's hard to find a good investment property in these areas - those residing there are either wealthy enough or savvy enough to purchase their properties instead of rent.

So that kinda debt you can have long term and it will only make you more wealthy, and not take money out of your pocket each month.Then as for bad debt like student loans, car payments.

Ya, it's true that if you could just buy, rent out and hold for profit you'd overtime be extremely wealthy.

The key to getting very wealthy is by using other peoples money (OPM).

In order to become wealthy you need lots and lots of debt.

I want to be a landlord,but with all the problems today such as getting sued by tenants,enviromental issues,and the list goes on.How do wealthy landlords protect their investments,and keep wealth,and from such problems?

The world revolves around income and wealth is only a tool, it doesn't pay for groceries for long.The investment of Real estate is in owning real estate and having tenants cover your expenses.The income of real estate is self employment.

It's the thing that all REI's who are wealthy to extremely weathly have in common.

The speakers they line up are full of bs mostly with quick talk about how they got to be wealthy.

But after reading a lot here and reading rich dad poor dad recently I have seen the light that true wealth is collecting those income producing assests.