Most investors don't care if you tag along with them when they speak to the property owner that you referred to them.In respect to fear, take steps that will give you exposure to investing.

Remember the people you are meeting with are humans too and you still need to treat them with respect.

So they will have the highest severity of losses with respect to those mortgages.

First negative year since WWII but not a crash.Clearly a crash did happen in some markets such as S CA.While it's true that no one has a 100% crystal ball, with all due respect I've followed my friend's economic newsletter for over 8 years, and the man has nailed every macro economic trend to the letter, and I mean NAILED.

So here's the million dollar question--how does this recessionary/collapsing financial environment affect what you guys are doing with respect to RE investing?

Hi Rich,You're not too far from CCIA which is Chicago's largest, longest running and easily most respected club.

This 50% calculation doesn't include taxes, depreciation (though depending on your goal with the calculation, I guess you could consider that analogous to CapEx in some respects), or debt service (amortization/interest).

With all due respect... though I agree in fact, I disagree in spirit.Let me explain.

The youngest person at a law firm does not usually have the respect of the older partners.

(you have to have the respect of the building inspectors or they can make your business VERY difficult)Luckily, we didnt pay much for it and we were able to sell the property to the neighbor so we didnt lose either.