I can say, I fortunately didn’t lose money, but I think I probably developed a stomach ulcer during those few years.Trust the Deal Maker first, the Deal second.

Fortunately, someone very wise helped me with a smart plan and it worked.Ideally, once you have some more experience you'll have the knowledge of how to leverage a 50K loan into a solid investment.Good luck!

I was very fortunate.

So as my wife is saying 'I told you so' I had to evict the tenants, who also trashed it, then fortunately I sold the place for $30k to a neighbor (who approached me) & held the note.

From reading your story, it seems like once you made that one unfortunatr decision, other not so fortunate decisions followed to kind of make up for that initial one.

I am fortunate enough to be able to take my time with this property as it is also my primary residence.

I'm fortunate to have about $35k in a retirement account from working an hourly job at a hospital from a few years ago, and was wondering if it would be a good idea to pull this out to invest in my first property, knowing that it will be taxed heavily at 50%.

@Brian EastmanBrian, thanks for helping me set up my IRA LLC over a year ago.I am very fortunate to have found you.I bought 4 properties and have them under management with an original 50% LTV.The loan is only 5 years, so I can avoid having a mortgage if I sell in 5 years.

I have been fortunate to connect with some great folks with knowledge on: photography, videography, SEO marketing, Social media marketing, etc. who have added a TON of value to me in exchange for REI knowledge and resources.Thanks again for sharing your thoughts on this topic!

I was fortunate enough to have money saved up.