Ehhh my own fault.I'm deep on regional banks.I believe they are the back bone of American small business and all seem very well positioned.After reviewing many P&L's and balance sheets, I see lot's of value but time will tell.I'll either be a hero or a zero with this high risk investment.Wishing you much success and keep the dream alive 

$50k / $1300 = 38 months to pay off your loan ... and you get to keep the asset.So many people are financially short-sighted and want immediate gratification, which is why so many Americans live paycheck-to-paycheck.

I also know high equity individuals , some are close friends, but these are not 32% or third of American population.

@Sam P.

Quote from @Sam Yin: Quote from @Alan Asriants: Quote from @Mark Cruse: Quote from @Alan Asriants: Quote from @Mark Cruse: Quote from @Alan Asriants: Quote from @Stuart Udis: I am happy to see this subject is being discussed and particularly hope those just getting started take the time to read the different viewpoints.

Sam, BP put out a good podcast on June 17th talking about how to find undervalued properties in any market.

people get great joy talking doom and gloom and Armageddon.I’ve been in the RE biz since 1978 and been thru several economic and market cycles.Stagflation in the 70s, 17% home loan rates in the early 1980s, the failure of 1/3 of American Savings and Loans in the early 1990s, the dot com boom the dot com bust, the subprime crisis in 2008, Covid………I’m probably forgetting a few.

@Sam DalThe estimate seems high.

:-) I have always just done American Craftsman (Home Depot) or ThermaStar (Lowe's) depending on which store is closing to my job, but truth be told I would think I could find something at a more contractor/landlord friendly price but haven't done well in locating someone yet.

For the last 20 years I’ve used almost exclusively Allstate with about 10% of my properties covered by American Modern.