Wealth is built NOT flipped :) BIGGEST mistake of my life was not keeping 50 or so more of the 500 I flipped in my market, MASSIVE mistake that cost me about 4 mill 

I have 8 doors with them and this last year one of my homes had massive fire damage. 

This is before even the problem that these techniques and strategies work only in a limited number of opportunities, and these opportunities can only be recognized by someone with knowledge of real estate principles, law and finance. interestingly, what seems to sell nowadays is this pop cultural belief that education in anything but specific techniques is worthless; that something called motivation, combined with a positive mindset and an unwillingness to accept reality will triumph over anything else and lead to massive success.  

The biggest mistake of my life was not keeping 50 or so more of the 500ish I flipped, MASSIVE mistake.

Bakersfield is also massive with nothing naturally stopping outward sprawl.

I'm sure it's a massive headache. 

@Kyle PascualFirst of all I would get out of stock and sit in cash for the short term the Fed as you know just drop rates by 1/2 of a percent last week over the last 30 years anytime that has happened the economy has been in a recession within 6 months and the stock market has had a massive correction.

In the upstate, the damage is not like what you get with a tornado where buildings are leveled nor is there massive flooding (like we've heard there is in Western NC). 

Currently working with a Tech student and investor (won't tag him unless he wants to chime in himself) on a short sale deal that is providing him with massive amounts of built-in equity out of the gate since he was able to get it so far below market value.

So make sure you have massive reserves.