New to BP Forums but have been listening to the Podcast religiously for about a year now.

We justify our actions based on a belief system.  

It was the investors ignorance and unicorn beliefs. 

I will be investing in CASH which takes a lot more time and planning ahead...I am in the process of obtaining my Michigan REALTORS license and have started a part time position as a RE assistant - although I know it isn't necessary for investing, I believe it will help me learn even MORE about the business (while giving me an opportunity to earn extra income).I'm sure there will be few who will relate to my belief in Real Estate investing.

But truly, that is RETARDED thinking, especially since you cannot PROVE your belief.

You also believe that all the "bad areas" of Baltimore City are the same, which is ridiculous (I grew up there).These two beliefs on your part immediately call into question your knowledge of the city. 

A former client loved to purchase those dirt lots next to big grocery story strip malls on the belief that sooner or later, someone would want to put something next to the grocery store. 

I remember handing my landlord $2,600 cash per semester (and watching my 2 roommates do the same) for a bedroom in an old creaky house which had probably been paid off for at least 20 years.I have now been out of school and in the rat race for a few years now and religiously saving my funds to invest in real estate.

For those of you not familiar with me or my situation, I just started my 1st Flip and have had a very strong belief in doing a lot of the work myself as I feel it is important especially just starting out.  

It is a common belief amongst people who try to sell their own home that they can sell it and "save the commission".