The host talked with his about how the money you conspicuously spend in the pursuit if one upping the Joneses such as TVs, new cars, boats, big homes, and other doodads is NOT EVEN CLOSE to what you've missed in your opportunity cost.

I don't think I will be able to make any more money than normal but I will be able to save a boat load of money by not having to commute to work or buy food.

My husband loves to fly (professionally and small aircraft) and he dreams of owning a large live aboard "pirate" ship schoooner (sail boat).

This 2250 represents what you can qualify for in terms of mortgage, tax, insurance, and home owner association dues assuming you have $0 monthly obligations (car, student loans, credit cards, boat payment, etc).

I did it back in 01 to 05) Stu fox on this site did it as well.but you need a boat load of capital behind you and its far more risky than being a RE Agent and or top producer..

Brandon,1) Yes, you missed the boat.2) Without knowing which part/city of CA you live in, I can't say with any certainty about the cash flow with 20% down.3) There are deals that still cash flow, but the yield is definitely getting compressed.

I, too, am in the same boat as you are.

I am in the same boat

I won't go into pricing or valuation but you're buying much in the same way as you'd buy a used car or boat from a dealer instead of from the individual owner.

I've been thinking a lot about interest rates, specifically, how I'm afraid of missing the boat on what are still historically pretty low rates.