Am I SOL because I rent that place out, even though I have massive equity and outstanding credit?

But if the high-priced housing market in the Bay Area can only be sustained by high-paid tech employees, a market correction in tech would be devastating when large companies go under and massive lay-offs ensue.

They see real estate as a pure tax write-off hobby.I consider it a pretty good deal - two properties are located in areas that are active and sprawling - one property in particular is situated next to a massive vacant lot (where a factory once stood, but was demolished years ago) that has been bought by commercial developers who have released plans to bring a large grocery store, along with shopping and eateries - I know this information because, well, just trust that I know.

I haven't been but I know the local REIA meets at the Asia Buffet on the first Thursday of the month (I can't recommend the place but that's where the meeting is apparently).

@Alli Issa  some property is just functionally and socially obsolete... it appears that area is that way.unless there is some massive effort by the city to pump money into the area to change those characteristics then in my mind its extremely risky . work on something else.. even for free those are not deals.

After finding asbestos, lead and multiple units with massive mold, we highly suspect a meth lab is in one of these units.  

If this works even remotely well as I imagine, this could turn into a massive nation-wide production, easily scaled up with the right team.Obviously, I'm very early in the process but my vision is clear, and my determination is undeniable.

He never mentioned massive debt besides some student loans.

That's a massive raise just by being smart and being able to understand when opportunity is staring you in the face.

I'll be 36 in a few weeksI actually don't want to make a massive investment firm like they're talking about on the podcast unless the money ends up being that much more worth it.