There are lots of people that want to get involved and see this as a way to "get rich" or leave the 9-5 job.

Rich

Therefore, the risk in Real Estate is worth 3Times the 10 Year T Bill Rate, which is currently 2.5%, to me.Others here on BP make good returns on HML's, but ask Rich or Jon about foreclosing on JUNK properties!

What I don’t have and don’t get is the financing. 100% financing seems to have disappeared, JV financing seems to be too rich, and nobody seems to want to enter this arena!

My parents are not rich but are very intent on supporting me financially.

Until then, I'll just let the people on the news tell me what a terrible person I am for driving a car...I'm sure Gore and his rich friends are car pooling their private jets, right?

However after reading Rich Dad Poor Dad, I realized that I was going in the wrong direction for me.

Two years ago, we were building new and completely working on shopping centers.Like any other business, we got converted to SFH by principles of supply and demand.The REO supply was/is rich, and the loans for homeowners was/is scarce.

You don't get rich over night holding onto real estate and renting it out, you get rich by knowing when to buy and sell.

The good guys = Real BP MembersThe bad guys = NR spammers and promotersNews flash: The BP community can rest easy for a bit as NR (Nouveau Riche) is no longer.