If the RE went up 10% in dollar value, but our dollar loses 10% against other currencies, did we gain anything?

Maybe could partner on a deal or two in exchange for your time??

Guess will have to bump the rents in Jan 2011 to get a little better cash flow so can put them on the market and look for a 1031 exchange property.

Its absolutely not worth the hassle for you to manage the rental in exchange for 20% of the net income.

This means that the federal government is a currency ISSUER whereas you and I and businesses and states are CURRENCY USERS.

I have looked at FCI exchange several times and have not seen what I consider to be attractive deals.Can you give me an example of a deal you actually saw?

I am fascinated with your international real estate investing, international depreciation plays and foreign exchange techniques.

Same with doing tax-free exchanges.

As a quasi government agency they can ask for verifications that you will never know about and at closing the borrower signs docs authorizing disclosures, lots of ways to check;Mailing address at post office, utility company, motor vehicle registration, insurance docs, bank account even your employer can report, credit cards, other debtors and more...And it's not just fannie and freddie, but any financial regulator can pull a compliance audit, state banking authorities, FDIC, CFPB, Comptroller of Currency....etc.What constitutes a residence?

Without anty doubt in my mind, RE is absoluately the best option out there in my opinion.No other investment vehicle allows you to have possibility of appreciation, both time and forced, income (cash flow), leverage, tax incentives (depreciation, 1031 exchanges, etc), and the ability to buy at less than full market value.In contrast, buying a stock, you must pay the full going value of that stock on that day.