While you didn't provide nearly enough information, it's unclear that you can even afford house #1 so getting into more property sounds like it could be a recipe for disaster.More simply put, if you're not in good enough financial shape to bring an extra $15k to the table to sell house #1 *and* put enough down on this newer house that you want to buy, then you're not in position to buy this newer house period - let alone own 2 houses.

You're setting yourself up for disappointment and frustration.

Even if I could afford a 5-10K Boot camp I would not attend because the same information can be found in forums like this one.

In my area, the towns that have the 'big box' chains like home depot, lowes, and wal-mart are actually MORE affordable than some of the small towns which have not allowed those companies to come in.

Some individuals are having a difficult time.During the real estate boom there were still people not doing so well.This is because they made bad decisions and are suffering the consequences of living too high on the hog during the boom.This is the kind of economy that will create many millionaires, take advantage of this time because there is plenty of money to go around.This is just a natural thing in the economy.It is called a correction in the stock market.If you believe the doom and gloom of the media your doomed anyway.Our economy is the strongest in the world period.The question I have Is there food on your table a roof over your heads and cloths on your back.Hmmmm I guess your not so bad off.You just have to give up a couple of luxuries.Maybe you can;t afford that new model of 10,000 inch plasma screen TV oh well.If you have the neccesities and your family there is nothing to complain about.My wife is filipina and i have been to the philippines.

My lender has stated that he foresee a mass exodus out of the MCmansions and back into smaller, more affordable homes and I agree with that.It is rather depressing.

Can you afford to rely on the Seller's Agent to "advise" you?

I want start in multi -- affordable, in particular -- become an expert and move on to the next asset class, with development as my ultimate goal.

Some people with only a couple of rentals can afford to lose money every month and therefore aren't forced out of business.

Everyone needs apartments - the cheaper they are - the more people who can afford them and you in turn have a lesser exposure to cash flow loss and pulling from your pocket to meet monthly expenses.