That is overly simplistic explanation straight out of rich dad poor dad book.

Originally posted by @Rich Tenor:Has anyone gone through the whole process with Temple view capital.

Do not expect riches from the start, especially if this is a turnkey, more often then not it will be retail price and other parties interested in it.

Like Robert Kiyosaki's "Rich dad" buying up parts of Waikiki beach before it became a major tourist attraction.

Here are a few I recommend: "Rich Dad, Poor Dad" by Roberto Kiyosaki; "Set for Life" by Scott Trench; "The Unofficial Guide to Real Estate Investing" by Spencer; "The BiggerPockets Ultimate Beginners Guide" found here on BP; "The Book on Rental Property Investing" by Brandon Tuner.

(But I've been listening to BP podcasts the last 2 months and read all the Rich Dad, Poor Dad books).  

Many of the STR investors jumped in because they saw some YouTube videos about how to get rich quick with STR, they had COVID money to burn, so they jumped in.

Quote from @Rich Davis: I’m a TenantCloud guy.  

It is almost the same mentality of the renters, they think that all landlords are rich lolYou are building equity when doing this. 

Quote from @Chris Rich: Quote from @Gabe Morrell: Jacob, thanks for giving me a great straight answer to my $20k question.