Instead of gambling on a get rich quick scheme, learn to run a business that will provide income for you for the rest of your life.

The owner also refuses to expand in bringing in new alcohol, new music, more gambling machines, or new events. this would probably bring in $50,000 more each year.

It is certainly speculation or gambling, or whatever you want to call it.

So, I guess I am gambling on turning them over and not the income they produce (or fail to produce).

Not sure where in CA you are but after spending a week in a waterfront part a couple of weeks ago, I'd say that the average seller there would be thrilled to see any offer, even a 70% one.Of course the problem that many of those seller have is that they have to get OUTSTANDING LOAN BALANCE, or else bring cash to closing and their market has declined since many of them bought in the last year or two!

Are you a Gambling Man?

I give them more control than the mutual fund managers who gamble with their 401k everyday!

I made a big mistake with MOT but I knew it was a gamble and approached it from that aspect.

They say there's a huge difference between 5+ unit properties and below-5 unit properties, and "they're" right.While I'm not thrilled with the financing, I was very happy with the efforts of John Travis at Pacific Coast Mortgage in Denver for both deals.

Mold is almost as thrilling as well.