If not, you need to play the leverage game.

I will also play the devil's advocate and ask you questions to make sure we're on the same page.

Hi @James Brand, I would always play the safer side of going with an LLC, especially if you plan on renting it out.

It is probable that under a free market economy the DOW would have fallen below 4000.However, we do not live in a free market global economy and given that government-financial sector complex has virtually unlimited ability to create money and absorb debt if it is done on a global scale they can play the system any which way they choose to.The DOW has tested 6500 recently and moved up sharply since.

In my opinion, people that have more taken out of their paycheck then they will owe (in expectation of a refund) are similar to people who play the lottery...The thrill of the (potential) one-time payoff outweighs the negative expected value of the decision...To each his own...

I just don't see the wealth and wealthy to play the real estate game as it once was.

Don't play the blame game.

Don't you love this business, a few years ago agents begged you to make an offer on a foreclosure,,I wish I had done 1/10th of the deals I didn't do because they weren't good enough (to me at that time).Now everyone is buying, I'm seeing a house I could have picked up for $70k a few years ago, rehabbed and listed (I didn't say sold) for $140k today,,,guess what, it was probable worth more than $70k a few years ago and isn't worth $140k now, but that's the marketWe are in a hot market, you just have to play the market however it is at the time.

Investing in land is like playing poker - you don't play your hand, you play the other guy's hand (translation: evaluate the land as a potential end-use buyer, not as a seller).

Typical to play the old black card.