This stuff is mesmerizing to me.

In fact, often “fast cash” gets construed to be expensive, but if you’re receiving “fast cash” through the sell of an item that’s constantly and forever losing value, it’s more cost effective the sooner you sell it for fair market value.People get mesmerized by the big numbers involved in real estate and how unattainable those numbers seem, but then fail to put into perspective what percentage of our luxury belongings and expenses truly are in comparison and what could have happened if we designated those funds into investments instead of material possessions.- The $2000 TV hanging on the wall…that’s 4% of a $50,000 property that around my town in central Iowa will buy a basic, move in ready, two bedroom bungalow.- A $4000 credit card balance someone racked up from the past six months of excessive shopping and entertainment…a whopping 8% of a $50,000 home.- That $6,000 family vacation to Disney World is a staggering 12% of a $50,000 property.- The $12,000 boat sitting in the neighbor’s garage he only takes out 4 times each summer, it is basically a 24% down payment for a mortgage on a $50,000 rental property.Heck, even the PS4 that I just had to have for some late night Call of Duty action and spent probably $700 on including a couple games and accessories is just a hair under 2% of the total $36,000 purchase price of the investment home I bought – and I actually find that sort of sickeningly interesting if you really put that into perspective.

@Henry Tse in Memphis it's easy to be mesmerized by high returns, especially if you are looking from California...  

Jump those hurdles and then you would have property that you over paid for.The big numbers on these kinds of deals are mesmerizing, but reality must set in.

I have no desire to fly commercially but nevertheless still find myself mesmerized by the big birds. 

I just joined a couple of days ago and am mesmerized by the amount of information on this site. 

Then, after that one is sold to someone, another deal materializes to mesmerize me all over again. 

Hi guys, newbie here but I've been watching a few youtube videos and a boss actually recommended the Bigger Pockets PodCast and the world of real estate investment has mesmerized me and I thought I'd pose the question you see in the subject line above, I'm wondering if its feasible to buy a move-up property using a HELOC and renting out my current condo that I live in here in the SF Bay Area.I figure I'd start small with just renting out my condo and seeing how that goes.

Now don't get me wrong, I'm not mesmerized by the auction environment at all.  

If the total loan costs are not somewhere around 7K+, then lender overheads are quite possibly not being covered and you have to wonder if it is legit.Instead of being mesmerized by low worth properties with an apparently nice cash flow, consider instead looking from the get-go for investment properties that HMLs will be happy to lend on?