I don't anticipate things to be that bad this time, but the value dropped over 25% back then and we are unsustainable at the point of the affordability cycle we are at now.You basically will be buying a monthly debt, speculating the value of the property is eventually going to go higher than you bought it for.

I've done a lot of DTS marketing and found that almost all my leads were either tire kickers or if they actually wanted to sell, the property had so many entanglements (multiple family members involved, tons of debt on it, municipal liens, etc.) it wouldn't even be worth it.

In other words, your renters have covered a majority of your costs of ownership this year, including covering your debt, and you have to put some additional money in, which raises your cost basis.

Flatline population growth is a sign of a poorly managed state and large or soon to be large, government debts (e.g., Illinois).

I’m not entirely sure I’ll ever be able to get her on a mortgage because she’s just so adverse to having debt.

Most of our clients raise capital as equity vs debt, but both are done.

4 houses: value $6.5MEquity: $2.8Mpositive cash flow after debt, maintenance, taxes: $2000/modo I have additional capital to add?

Eliminate debt, establish a budget, and save.

So if you are not cash flowing and there isn’t appreciation then the only advantage you are getting is debt pay down.

I think it would be financial suicide to give up a 500k a year job that you know how to do and is secure to launch into thinking your going to replace it with rental income.. unless your sitting on 5 mil plus in  cash with no debt.