Apparently he is very wealthy and has accomplished this from real estate investing.

Note this example is really a cash flow example given the 100% leverage.His model worked for him and he was rather wealthy.

However, northwest San Antonio is exploding with growth, most of the buyers being wealthy foreigners from Mexico, its as if the subprime slime doesn't even phase the Austin and San Antonio markets, I love seeing even 8-12% /year gains on this current slowdown where Glendale, California people are selling 50-60 K below market value just to be able to sell.

One last thought.If you wanted to be wealthy you likely need to do a lot of deals and have a large portfolio.

By this I am thinking of a wealthy person who wants to lend money to someone else rather than just let their cash sit in the bank.

It is a great way to become wealthy because it gives you tremendous leverage potential (your ability to use credit to acquire more assets than the cash you have).

That means that our national wealth is being transferred overseas - NOT GOOD!

I live in a fairly wealthy town and all the size of this house/lot is up to par with the standard but the quality of it is not.

Many successful people do other things and are quite wealthy (and content).Additionally, the risks in REI are REAL.

If you were to give it all up (wealthy family, comfortable lifestyle etc.) to do something on your own where would it be and what advice could you give me?