Many were quite unpleasant and do not need to be discussed in graphic detail.

This post turned out to be longer than I intended, you’ve been warned :)I joined BP a few months ago, but just recently started really diving into the site and can’t get enough.A little about myself, and where I want to go.I live in San Diego, and was thinking of buying something during the last market crash, but was glad I didn’t since I had no idea about the 1% rule and all the other tips and tricks needed to make sure property cash flowed.

How many went broke during the crash who THOUGHT they were managing appreciation?

We actually had a vacant apartment a couple miles away that we offered for themto crash in for the week it would take to complete everything.

I get hijacked by Mexican drug cartel and put on an airplane and while I'm being slowly dissected while still alive and with no pain killers the plane crashes into an active volcano...

I read that with an sdira or solo-401k you cannot have any part of a property owned by the fund be for personal use, can't live in it, can't let your uncle from Hawaii crash in it for a week etc.

Here is the back story:- Developer finished the development in 2007 and was able to sell 3 units before the crash- We bought our first unit in early 2012 via a short-sale from one of the original owners (we are now 14% owners)- Once we got to know the complex we found out the developer that was holding the bag on the remaining four units was in trouble.

Some lenders don't care if their borrowers crash and burn.

That particular mailman always been kind of unpleasant to deal with.

My wife and I built custom homes in Birmingham, Alabama for about eight years, right up until the crash.