I realize that real estate is a powerful vehicle to ride and build investment capital with, among other things.

The entire 13-hour plane ride back to San Francisco I had burning question in my mind; how to I create a lifestyle where I have the freedom to take a trip like this whenever I want to.As soon as I arrived home I began to heavily research how to get started in different types of investing and creating passive income streams. 

So you have a lot of newer investors launching and newer investor going along with the ride .. time will tell on all this stuff.What killed the guys I knew that bought in Texas back in late 80s and early 90s was the lack of tight zoning.. they bought a building got it rented up.. developer builds brand new down the street and raided tenants.. along with economic issues..

Commercial has advantages however vacancies can last a year of longer so you need deeper pockets to ride them out.3) You do not pay off rentals, equity kills the cash flow.

The key is to put yourself in a position that when (not if) corrections and recessions occur you can ride it out and not sell until the market rebounds.

If you are positioned well going in and a swing comes, you can ride it out and it won't have any effect on you.

This has been a fun ride!

Yes, it is good to make sure that as investors we don't ride the price wave, but that doesn't mean we shouldn't invest either.

We didn't just ride the appreciation rate up on them.  

I'm from Texas and don't know what he is talking about either.Considering that some-one is trying to gouge $20k for a foundation, this is either a HUGE house or he's being taken for a ride.