Gamble or Investment?

California is a highly cyclical Market and definitely not one I would gamble in.

This REI game is very exciting thrill seeking.

But, I know plenty of people who would rather get a set rate of return this time of year vs. gambling with a new president.

Flipping properties is inherently more risky and can often times be closely compared to gambling.

As a general rule , relying on uncertainty of timing, high risk etc , I feel, is more speculating , which is just a fancy word for gambling.  

I don't know how to explain it but I've always just been fascinated by so many aspects of the business, fixing and flipping, construction, development, apartments with several units, commercial, all of it really just gives me an such a thrill to learn about and talk about and think about.

I'm not gambling.

It takes me to different areas and there is the thrill of the hunt.

I tell them I wanna do conventional maybe at 5-10% but tell me that I can't or go FHA but not thrilled about Refi to get rid of PMI in a couple of years, I guess I could use the equity I have on my current hack cause I done work on the place but don't know about that either, any suggestions appreciated.Once again a BIG CONGRATULATIONS on your place and for not giving up, keep it up.