Considering that Medicare could quite easily be bankrupt by then if we continue as we have been, then the budget certainly seems less like it is taking things away.Overall, J Scott's description of where he stands - socially liberal, but fiscally conservative - best describes my position.The things that make me lean republican are that I strongly believe in free enterprise and personal responsibility.

So if you had a whole portfolio of 'infinite return' properties, you could go bankrupt quite quickly, if a few of these adverse events conspired against you in a short period of time.Fine, you say, I'll just walk away from the whole mess if I don't have anything invested.

Their company goes bankrupt.

It may be literally impossible to go bankrupt in that business.

@Tyler Scott  Here's a pretty good forum post on wholesaling to get you started:https://www.biggerpockets.com/forums/12/topics/380162-went-bankrupt-trying-to-wholesale-heres-my-sage-advice

In a recent survey by TNS Custom Research, 51% of Americans said they would like to be self-employed, however many of them didn’t take the steps necessary to achieve those dreams. 38% cited the fear of going bankrupt as the number one reason they never took action, 37% cited the fear of an irregular income, 15% said they didn’t have enough capital & 8% said they lacked the necessary skills.

@Michael EalyHey Michael I’m 23 years old and I want to become an investor, I literally read your story about how you almost went bankrupt over and over again, I even copied and pasted it in my notes, can you please text me via message in this bigger pockets so I can please ask you one very important question that came to mind.

For the lurkers - On paper it needs to be 100% clear that you're not bankrupting your source of income to help you purchase a house.

A judgment against a bankrupt person is useless (to me trying to collect a fee anyways). 

They stick their hands out for a handout from the minimum wage earners taxes to give themselves a bonus for bankrupting their bank??