Don't move away from the grill and flip the patty every 90 seconds"lolMy fire in the belly is always burning mate.I can take the hit's and happily turn the other cheek and say "Do this side now".As biz owners we get paid the big $$$ to take the hits, so it comes with the job.Just happy to share some behind the scenes mumbo jumbo that we put up with.I got Dingo Deals falling out of gum trees hahaHappy Saturday Margarita Day (Was 2 days ago but who's counting hehe)

Wages increase so significantly that it allows homes to not drop, stay as is or increase (fat chance).Clearly someone is going to win in this (potentially current homeowners and upper middle class), with losers being Millenials, Gen Z and others who do not own OR they are the winners and losers are anyone who bought the past 3 years.Either way, someone will win and someone is gonna lose.For me, I play offense and defense - I am consistently looking for deals but also if #1 happens, am I protected.

And along the way sell some apartments and pocket those fat commish checks I sold a 5 mil one a few years back and that was a smooth 100k in my jeans for a couple weeks of scouting finding and following it to the close..

Remember; pigs get fat and hog's get slaughtered. 

Don't hire contractors, who show up in a pressed shirt, can speak both Spanish and English and do zero work but pocket a fat margin.  

Their entire business model is to charge premiums and play hard to ever pay out on the fat tails.

Quote from @Derek Bell: I have a dilemma.

Balloon" framing (1920's I believe).Radon.Plaster and lathe instead of sheet rock (pre 1950's) or plaster and wire mesh variations (50's) more solid than sheetrock but a real b*tch to repair or demo if you're remodeling.You've got Galvy plumbing but also need to look out for other kinds of outdated plumbing like clay sewer lines (pre-1930's, prone to collapsing, bellies, root intrusion), cast iron (1950's, often rusted and/or cracked by now), and PB (polybutylene, gray-colored water pipes, 1980's, prone to rapid degradation and subsequent bursting, mostly gone by now).Buried Oil Tanks-- Do you have those there?

Real estate as it was taught to me 40 plus years ago is a belly to belly business.. you cannot have consistent success trying to close folks on the phone unless they do not live in the market.. its too easy for them to simply blow you off.  

Eg they borrow at 4% and receive say 7% giving them a profit of 3% for no money down but a little time for the loan app plus the risk associated with repaying the loan if it goes belly up - though with 20% of my cash down the risk is low for them.