I would say it is having such a vast amount of money that you never have to worry about money again....that you don't have to worry if a property goes vacant because you have enough cash to cover the vacancy.It means you are secure enough to survive the tough times in the business.

Happy Birthday buddy... doing anything awesome to celebrate this amazing milestone that somehow you have survived yet another year?

You won't survive too long if you pay too much, just so you can finally make a purchase.

When you consider that this man's advice came from having survived the double digit inflation of the 1970s (during which he lost a large commercial property on an adjustable rate commercial mortgage - but didn't quit), the recession and S&L fallout of the 1980s and the most recent meltdown and ever smaller boom and bust in between - this advice is not to be taken lightly. 80 years of work and an excellent legacy he has left.

Rob, Being able to finance up to 75% is good in this market....a lot better than most hard money lenders I know (who are barely surviving).

Like I said I am working for my associates and up until I get that my only other notable credentials are a high school diploma, wilderness survival, and the real estate sales person license.

If you pretend that expenses don't exist or that maintenance is $6 per month like Will does, YOU WILL NOT SURVIVE IN THE RENTAL PROPERTY BUSINESS.

The key to survival is to know what the Looters will do to the Lemmings, then go the other way.

The key to survival is to know what the Looters will do to the Lemmings, then go the other way.

This crisis as we know will force investors to start doing things differently to survive.