The apprasial has some comps that seem to be overpriced, thus im wondering if the property has an inflated value of equity.

Historically, appreciation has matched inflation over the long term, with short term fluctuations.

Lastly I developed and launched a new business unit for the publication that generates over $45k per month.I share all this not to gloat, show off or inflate my ego with self importance, but in hopes of your consideration as a peer in the business world.There is no question that anyone with a real estate licence is a business owner whether they work independently or are part of an established firm.

When you consider that this man's advice came from having survived the double digit inflation of the 1970s (during which he lost a large commercial property on an adjustable rate commercial mortgage - but didn't quit), the recession and S&L fallout of the 1980s and the most recent meltdown and ever smaller boom and bust in between - this advice is not to be taken lightly. 80 years of work and an excellent legacy he has left.

I really like having leveraged income-producing real estate as an inflation hedge and as a savings vehicle long term.

Then factor in inflation which is currently over 5%, and you are LOSING money each month."

While everybody is talking about what they think inflation is, DEFLATION is the real problem/threat right now.

I am probably looking at an inflated appraisal on top of a long closing time with huge repair costs.But that's how it goes, right?

Interest rates low, unemployment low, inflation down etc.....

The problem that I see is that we are living in a very inflation prone environment.