And any city will be miserable if you're broke.

Until you are able to do that the chances are you will fail miserably investing in real estate.Investing is not a method of breaking the cycle of living pay check to pay check.

. 😎 Ummmm...I mean it’s miserable...stay away.

Many sub 2 investors frame it as foreclosure rescue.Many others frame it as "no money down" investment as in the Porter case, took over 40 properties sub 2 to rent out, some on lease to own deals, failed miserably when tenants fall behind on rents, and she couldn't pay the sub 2 mortgages.

Not saying college is a bad thing... but I know a lot of people who go to college and don’t even really know why they went, have no interest in their major, and are completely miserable with a ton of debt they can’t seem to get rid of... don’t really understand the logic behind that.

People should see what wholesalers are buying this stuff back for after a miserable year or two goes by. 

Originally posted by @Brian Cardwell:https://www.biggerpockets.com/files/1682/downloadSpreadsheetI hope it works this time.I looked at the spreadsheet, and used the default values, and as expected the system fails miserably. 

Regrettably you are not hearing from the majority of new inventors that failed miserably.

What i'm 100% sure however, is that after the next big one most of the real estate genius on this forum advocating for buying all the RE you can get at max leverage regardless of the miserable cap rates we experience now won't be there anymore I don't buy that "you thrives in a crashing RE market"; nobody can, unless you're Micheal burry and convince Goldman Sachs to create credit default swaps for you.