There are so many companies out there that throw the word around and do not understand it is a lifestyle!

In this example, after throwing out the pro forma income and expenses given by the seller, Ken used a more realistic projection of the operations on this property, and came to a value of 82,000 less than the asking price.

Or would you rather have five additional rentals throwing off 15% returns and $300-700 per month?

Sell your depreciating debt (jeep) and pay off any other loans/CC you have.Don't go out with your friends and throw money away at the bar, or restaurants, traveling, etc.Work on making more at your current job, or try for a promotion while also picking up shifts when your off.If you are serious about investing in real estate, the stock market etc.

My guess is that the government will just step in and throw more money at it, putting a band-aid on it for now.

Of course you can invest anywhere... but to @Jonathan Greene's excellent point you don't want to actually just throw darts at the country.  

His 2 condos cannot sell for more than what he paid for it and he did not make cash flow on his rentals.I had to throw this in because I don't want the readers of this post to think that you can buy any asset class anywhere in NYC and make money.

That's kind of the middle finger, and I would immediately throw it out.   

I'd thought I would throw in some advice as I'm currently in the market for multifamily and looking to scale that up in the near future.

A lot of people get burned just throwing money down there, not realizing they are buying 1 block from a ghetto or section 8 housing complex.