The spread is the same concept but "widen".The banks and Warren Buffet is actually more like "spread trader".

But.....if we can navigate this issue and not give in to the instant gratification concept some are talking about...imagine the good that can be done with the passing of generational wealth.

I've struggled with those same concepts.

We did not need help in deciding what our investment niche would be; we needed help in creating and implementing a tax strategy plan for a married couple composed of a high-income earner and a real estate agent and business owner.A few weeks after paying the $25k, we set up our first meeting with our assigned CPA and started the so-called “advanced tax courses” provided, which are generic modules that only vaguely introduce financial concepts, topics, and terminology.

@Nick Benedick like the concept live below your means and cover your living expenses with RE.

Nobody gets excited to invests in the stock market for dividends to fund their life, although thats a really good concept.

It was at that time that I realized in a brutal way the concept of opportunity cost.Now I apply that to real estate.

If your lease has a clause such as "tenant agrees to pay the security deposit," and you fail to enforce it, you're running into the legal concept of waiver.

Yes, private money, but you need to build up some reps and proof of concept so friends and family can see what you have done.

@Marcel Johnson @Rick AlbertOn Tuesday May 14th we're hosting a meetup in LA which will feature a guest speaker, CPA Edward Markaryan, who will be going over Tax Strategies for Short Term Rental owners.