Lurked a bit but not sure where to post my question as this is my first post ever. 

If I am ever interested in making tens of dollars I will look into this.

Maybe you wait and you get a pullback in the housing market (by the way, there's only been like 2...ever), but you'll be losing money on the cash that's sitting on the sidelines while you wait.

Age and wealth accumulation targets should play a huge role in this.Those who are younger, 30-40 years out from "retirement" age (65+) should remain extremely leveraged to let time pay off their investments, and let their money work for them.The exception are likely those freebirds who can live on $30k a year passive income from their late 20s/early 30s and, maybe don't care or need to be extremely leveraged at any point.Those nearing retirement in the next 5-10 years, probably don't want to be leveraged much either.I will say after many years of growing the nest, I can't imagine how I'll ever be able to "spend down" all I've earned and accumulated over the years.

I asked the guy who runs it (who's been in the game for 27 or so years and is very successful) if he'd ever consider doing a crash course in the basics so I wouldn't have to wait for a once-a-month meeting.

If he ever wants to get financed he should keep this number in mind as a bare minimum.

If you ever want to swap knowledge, I've been needing to find a good accountant and I know a thing or two about the local market :) 

Welcome Brett,There are tons of people here on bigger pockets with all the advice you can ever ask for.

We got contacted by a someone who asked if we would be interested in buying her property. We do fix and flips in Massachusetts, and in the past have done new construction. The new construction projects were spec house...

In January of 2015 I came to Colorado to visit my sister for the weekend and by February of that same year I decided to do the most spontaneous thing I've ever done and quit my job, say bye to my family, and drive out here to the beautiful Colorado, starting over.