People still want the American Dream of home ownership it's Maslow's Law.

Originally posted by "Arnada80":...My school doesn't have any type of Real Estate Major... ...I'll probably be doing it when I'm older I feel as if I should be taking Real Estate classes right now......not sure where to start or if I should leave the college I'm in...Well... people always say to pursue your dreams...

Add in a little luck, and maybe you won't need to evict...OK, you can dream about it anyway...

Dream a little and finish this sentence...I wish one of these REI guru's would just ________Thanks for the feedback.

Be prepared for your dreams to come true!!!

It's been a long-time dream of his to own three houses.

Nobody is going to fund your dreams.

Andy Andy1 - Without knowing more details about your situation, goals, and strategy, nobody could possibly tell you if you made a right or wrong decision here.That said, from teh info given, and from a pure cash flow standpoint, your decision was a poor one in that your acquisition cost of $174k and your rent of %1670 monthly amounts to below a 1% purchase price to rent ratio which equates to negative cash flow.The numbers you posted for cash flow are in a dream world where you never have any other expenses other than debt service, taxes, insurance and HOA.

That will be the reality of actual costs in the end and it's more than I'm prepared to handle.I think the more piratical thing for me to do is to get the dream home we're looking for with the equity from the first house.

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