With recent appreciation in San Diego ranging from 8% to the low 20% and the sweat equity I have been in a near perpetual state of refinances the last few years but none in almost 6 months.  

One of the ideas perpetuated by many of the Real Estate Investment "gurus" is that once you buy a rental property, you continue to hold on to it.

But he said if he keeps a perpetual loan on the property, he annually deducts that interest, which lowers his tax burden.

That said, the key is that you need to actually find those 15% investments and manage them well enough to ensure that they continue to return at least 15% into perpetuity...With some experience in REI, this shouldn't be too difficult in today's market; just make sure you have some knowledge and experience before committing all your cash.

Originally posted by Tom Cullen:Jumpin Jimminy Batman, I thought liberals were suppose to be AGAINST stereotyping!

I've certainly known some guys (who probably fit the stereotypical definition of slumlord) who bought in some of the worst areas and rented to some of the worst tenants.

It shows that I am not a stereotypical "greedy" landlord.  

You hear that statement frequently from the talking heads on TV and I think it's perpetuating a conventional wisdom that's not necessarily true and does a disservice to the average American listening.  

I don't think there's much one can do to change that mindset, but allowing emotions to cloud judgement and engaging in less than professional correspondences will only perpetuate the myth of the "greedy, evil, rich landlord".

That being said when you say the things you say..u only reinforce the ignorance people continue to perpetuate onto the city and its residents.