This site is awesome though and I intend to still come here but I think I need more DETAILED knowledge before I can partake in these forums and take something away.

Noone can or will ever force you to wholesale or to partake in any other sort of entrepreneurial pursuit.

Looking forward to having you partake in the many good topics on the forum.

You shouldn't partake in these games if you don't know the rules.

Unless you expect your income to rise exponentially in the forthcoming years, maxing out on a single family could hinder your ability to partake in REI down the line whereas a multifamily may actually strengthen your borrowing ability and allow you to scale your business if purchased correctly. 

if it happens well obviously those that can partake get the benefit but there is a lot of despair as well. 

Apparently, the small remaining 2% did not have the means or have the career success to partake in the 'white-flight' to neighboring Buena Park, Irvine, etc and are barely hanging on by a thread and just relying on the low cost of living from Prop 13. 

But not for long once this thing bottoms out I will partake..

Over the past few months, I devoured any information I could on real estate investing and decided that this is what I want to partake in.I pretty much have nothing in the bank to invest right now.

But it’s easy to find a lot of people with fancy cell phones, all sorts of “necessities” like newer cars, expensive cable plans, eating out/partaking in services, etc.I think the US “normal” spending habits help the economic numbers look good, but also think if every American, myself included, kept a little more in savings, the economy would still be pretty good.