It was a bad investment in every way.Today, several years later, and knowing well what mistakes I made, I am willing to reconsider real estate as an investment vehicle.

Once receiving a counter offer on an overpriced property, do you ever "let them stew/think about it/reconsider" while their property goes unsold?

But I am beginning to reconsider when I think of how that money could really be working for me with solid real estate investments.

If this sort of thing causes you to lose sleep, you might reconsider being in this business.

If there are two retail houses with 200+ DOM and 100 REOs, you might want to reconsider the area.

The number of letters is definitely not the problem, I would reconsider the message.

Not only do you stand to pay interest and penalties, but the greater risk you run with your inexperience makes it even more likely that you'll lose some/all of your retirement funds.If you were in your 20's, or if you had a nest egg outside your 401k, I'd say go for it, but given your situation, you should reconsider the 401k solution.

I had my agent send the sellers agent an email making the point respectfully that my offer was for all cash and requesting that they reconsider.

By the same token, some who assumed that such thinking was nonsence or didn't meet any common sence test may need to reconsider their stand as well, as there this services is regulated and in some states requires a license.Another point that I was making which was missed was that when anyone in real estate related fields charges a fee for their opinion that the public can reasonably assume that that person has a higher degree of expertise in that area than do most people.

I would also advise reconsidering using the property management company, it will depend on your personal situation, but IMO, it is usually to self manage when you can.