He teaches that buying real estate purely for appreciation is gambling and should instead be viewed as the icing on the cake.I invest in Ohio :)

(It's like "giving ice away in the winter", as "any and all" title issues will be "cleansed by Florida" automatically in 48 months!).

And then once you actually own it, any surplus rental income from STR is icing on the cake.And you take that higher STR income, and do nothing but stash it until you have 6-12 months of payments saved up.Here's what just happened:A bunch of people underwrote the deals assuming STR income, allowing them to justify the highest possible purchase price, mortgage balance, and mortgage payment, of any other buyer considering purchasing that property.I, their loan officer, told them they also needed six months of reserves, Per Fannie.

Didn’t beat the seller up on inspection report or care about this little thing or that little thing, I’m trying to find door #8 which will make me more money than worrying about a little thing on door #7.Year 1 cash on cash roi is just the icing on the cake.

The appreciation, paydown of principal with the tenant's rent, and tax benefits are just icing on the cake!

Truth be told, I was sitting in the garden sipping iced tea....but you knew that already, right?

But for the icing on the cake, feast your eyes on what the Prudent man would invest in during times of rebuilding one's balance sheets, Treasury Bills.

However, I will say if you're counting on appreciation don't plan on it...it would just be icing on the cake.Personally, since I do not currently have the cash to pay for the repairs I'll do a 20% down loan with a local bank that will finance the home AND repairs then once the repairs are complete I would refinance the home (knowing from the start that if I work my numbers correctly when I refi my 20% down payment will come from the forced equity or sweat equity from the After Repair Value)...this is a great way to own a home without really coming out of pocket when its all said and done.

So, we're really getting the cream of the crop of other countries - whether legal or not.

Absolutely, but only for an around town car with an ICE as a backup for road trips.The American "grid" has been built around and is very friendly to ICEs.