Is it bad that I am kind of hoping for a recession to help filter out some of the poor performers, and in some cases, bad actors in real estate investing?

Central Florida and Florida in general over the last 10 years saw a lot of bad actors in the roofing and insurance adjusting space promising homeowners they could get them a free roof if they would assign their benefits to them and then filing roof damage claims after any kind of storm event and if the insurance companies denied the claim then filing lawsuits.

And believe me Sub too deals go bad and there are a lot of crappy actors in that niche.. they get control and rip rents and never pay your clients mortgage.. your client does not have the means to protect themselves and the non profit is not going to have the funds to follow these.Like I said  I simply do not believe that a non profit would engage in this type of transaction..

They get rich, screw up the courts, rub elbows with other big players, scheme even more and write more laws which gets them richer.In this case, these bad actors who are using other Landlord's apts to get rich are creating HUGE problems for themselves and the LANDLORD.We can get caught up and have to spend money on attorneys to defend ourselves because we will be named in the Law Suit by NYC as if we were accomplishes.

I have malicious damage, fire and medical payments to others on mine as well as hail which comes to the same price as this.

Most agents dislike wholesalers and refuse to work with them and it's mostly because of a handful of bad actors.

In short my hopes are this. actors = facilities for actors to work = facility workers = increase in current retail to shop = retail workers.

It also includes any intentional act or omission that may cause a financial loss to the lender (a loan that is made and then upon discovery of certain matters the loan is no longer marketable as intended can create such a loss) regardless of such a loss being suffered or intent of a borrower or their awareness of such a loss to some extent, depending on those circumstances.

Late actor Joel McCrea purchased plots of land in S CA on the recommendation of Will Rogers during the 30's and 40's.Ever heard of Thousand Oaks??

Hey Everyone,After listening to the podcast for a couple months I finally became a member of Bigger Pockets and it's really inspired me in a whole new way.I'm from Philly yet have been living in Los Angeles as a working actor for the last 14 years.