Lost 7 roofs in one storm last year... 50 cent and larger hail, windows shattered...

The bear case is these rates are historically low.. and instead of trying to catch the first seat on roller coaster.. probably better to just not miss the ride.

They are usually taking you or someone else for a ride . . .

I'm reminded of a joke:Buster was a truck driver and while taking his driving test he was asked what he would do if he was heading down a mountain side at 70 m.p.h and discovered his brakes did'nt work.He stated that he would first try his emergency brake and if that didn't work...he would try to downshift, and if that didn't work....he would try to run along side some brush, and if that didn't work he said he would wake up Wilbert (the guy who rides with him), so that he could witness the biggest crash ever.That was my philosophy when I first went into business.

( I bought a house that was vacant for 7 years the biggest tree that grew next to the house was about 2 inches around and we pulled it out with a pick up and chain) Do you ever ride by your properties ?

Better to spend the money and get it done yourself or do the work your self.In your case you can either ride out this tenant until the end of his lease term and then not renew.

We bought 20 acres and built a house where our son and friends could ride motorcycles.

You are also right in that your money is just sitting earning nada at times each month, but the payoff is appropriate.If you are looking to do hard money, you not only get the 12%-18%, but also points, adding to your bottom line and your money is almost always out there and not sitting.On the other hand, $1M will go a long way in apartments and can make for even better returns over the long ride as you get cash flow (dividends), forced appreciation, market appreciation, and tenants payind down your principle on your debt financing.

@Eric Schuettenberg  Hope you'er ready for a great ride to the top by using all the free tools and more.

And,this is why I am here.This is me, fully investing myself into Real Estate.I am really excited because I know I would meet incredible people full of knowledge, and I can't wait to take this ride with you guys.Leslie [email protected]