Wealth to me means an abundance and balance in life.Not just in dollars but also health wise, spiritually, relationship wise, philanthropy.At the end of all you can't take it with you but you can look back at your body of work and how you impacted lives and tried to make the world a better place and helped your family on a path to their goals and dreams moving forward.People need to look at all aspects of their lives as investments.

Welcome to BP community @Robert Murphy It is a great place to meet new friends and learn about various aspects of real estate and more.

@Jeremy Zindel  Much appreciated...I never considered this aspect before

They over-regulate in some ways, and ignore other aspects that need to be regulated further.

Keep your fix and flip plans under wrap, you will have conflicts of interest, not by legal aspects, but by marketing aspects, a flipper may not work with you if you compete with them.

An example might be financing sales, leveraging notes, if it becomes a significant aspect of your business you may be falling into another specialized area and be deemed to be operating outside the scope of your declared business purpose.

Another aspect is that many of you are just lazy, you want to believe there isn't much more knowledge required because you aren't willing to study hard enough to get there.

Welcome to BP community @Eugene Taylor  It is a great place to meet new friends and learn about various aspects of real estate and more. 

I think financing is an excellent way to grow your business, but to grow too fast without having reserves for the rainy days could be like you said in your article, disastrous.I'm currently exploring options to refi and cash out one of my free and clear because the property value jumped more than 100% of my purchase price + repair costs.I'm looking at: 1) acquiring another income generating free and clear with the proceeds2) trying a flip, and applying what I know about the planning, permit, and construction aspects to my advantage.Both are leveraging up, but with option one, I'd still have piece of mind that there isn't a big loan attached to it.

REI is a people business just as much or more as it is a numbers business.While I'm sure you can outsource this aspect of the process it definitely puts you at a disadvantage relationship wise to other wholesalers/investors.