I just have the urge to buy something since I have some liquid cash available.

Jumping into RE is NOT something to be done as an alternative to work unless you have enough liquid funds to put 25-100% down on a number of properties.

Just give it a quick powerwash, let dry, start painting - brush, roll, or spray - all looks good.

One of the effects of the current Real Estate crisis is the forced liquidation of a large portion of Americans stored "wealth".

-----------------------------------------------------------------------------------------------------After I close and repair my 3rd home I will be left with about $15,000 in liquid assetsMy friend has seen how well I do with my rental business and he wants to get into also.

Also finish liquidating an old 401k I have for more cash assets to shop for a 4th rental.Beyond that, continuing to collect rent checks will be nice :) Will need to update my business plan with new cash on cash projections and the 3rd property once the dust settles.

Hypothecate according to Investopedia means to pledge as asset as collateral thus the borrower gives the lender right to liquidate the asset in the event of a default.

It really depends on the raise and how liquid you are.

Right now my goal is to have 2mil liquid or 100k yr pretax in today's money.

Not liquid enough?