Also, I’ve noticed that the unknowledgeable persons who are most likely to be suckered into spending time and money on these “programs” all have a basic gullibility that leads to them making comments that have remained remarkably consistent over the last 40years.  

They usually spend one day going through the property checking everything for a couple of hours and move forward.

They are likely not bad people but they do not want to spend $3,000 and be kicked out first night on a noise complaint. 

Example - borrower uses loan to purchase a home in a B or C grade neighborhood for 380k, spends 50k rehabbing primary home, uses 200k to put an ADU in the back, appraisal comes back at 925k. 

Then the person is soured on gambling on real estate and not around here to answer questions. 

In Miami, we all know how people use rented cars, boats and houses to give themselves credibility.  5k for me is pocket change but I never like to spend money on a losing investment. 

We discuss spending, net worth, and future investing goals with the cash.

If you spend 10-15 minutes watching every week, you'll know how to price your home.

Only spend 2 hours on it.  

I will figure out what to do with it when I get to $20M, but it will probably just be finding new ways to improve built environment along with travelling more and spending more quality time with fam.