You’ll learn how Paul discovered the vital difference between investing and speculating, why falling in love (with a deal) is incredibly dangerous, and the huge real estate gamble that Paul made that cost him $40,000.

Its educated gambling..... and you may hit a grand slam...or you may get punched in the nuts...... its personal decision on your risk tolerance.Sometimes that huge leap of faith and "screw it, I'm going for it" can reap huge rewards....and sometimes it doesn't.For every "I bought it sight unseen and its doing great", I would easily bet there are dozens that have been totally screwed...some of them don't even know it yet.

. :)ya we sure hate that gambling for appreciation.. but some folks have to live with it.. good job.

Get very familiar with the eviction process in your market and follow things to the letter and quickly.Make sure to vet tenants thoroughly and pick wisely (and even then it is a gamble). 

Might as well rent unless you want to gamble on appreciation.

You a gambling man?

Banking on appreciation is gambling.

Some folks are willing to take the risk in the gamble for appreciation, especially here in CA, they are typically purchasing when the market is down, not high as it is now.

The way to make it less annoying is to gamble (like a dollar) with your family for which property the wholesaler wants before opening the mail.

It is not gambling per se, there are real wells with real chances of finding oil, but it is not another class B multifamily value play for sure.