I think it all goes to mental state.

(color of money) At least you have the mentality for REI.Good Luck,NavyDoc

Places like Pass Christian and Waveland still seem to be keeping the small town mentality and are nice for families.

Obviously they're selling their property at a significant discount so their rational strategic mental processing might not be the strongest at that point in their life, but I wouldn't say they're stupid, they are just motivated.

Even as a new wholesaler with a contract full of contingencies, I would highly recommend that your mentality with a seller be that you are buying their house not selling it for them.

I love them because they are not always mentally embedded with the old dog tricks and ways that make some seasoned investors hard to deal with.

A mentality of trying to convince people of one thing before they figure out something different is never a good idea for long term business.I always aim to be upfront and offer my services openly and freely.

I got excited and had already mentally spent the money, and the contract fell through about a month into it.

Of course you would have to weigh this vs. the benefits you were getting with the better rate and writeoff from your HELOC. (3) this is just purely a mental thing that some people may struggle with - overextending yourself on your own home.

I guess I have scarcity mentality.2) Is there a formula for assessing how much risk is smart, not in terms of comfort level but balancing the numbers, such as: how much credit card debt you have and years to retirement.