Decide which thread you want to continue and mark the other one as closed (just add a reply where you suggest people go to the other thread plus provide a URL).John Corey

All of your equity is transferred and continued in the replacement property and sometimes it's difficult to trade equal or up.

That way even if the market continues down you should be protected.

As you learn, I hope you can continue to stick around and share your knowledge with the rest of the group!

Continual learning is a key ingredient.

This doesn't mean we've hit bottom - the credit crunch wasn't in effect in July.On the other hand (and yes, I'm a positive thinker to a fault - I drive some of my colleagues crazy), I look at it this way: If foreclosures and home prices continue to get worse (and that may well happen), people are still going to need a place to live.

That kind of runaway appreciation will not continue.

Twenty plus years of retirement requires a lot of capital.In your case I would imagine that you will always be looking for deals and will continue to generate income.

I'm sure you will continue to do well.

The type of transaction prosecutors say McLeod abused works like this: Homeowners facing foreclosure sell their homes to a third-party investor, typically located by a foreclosure consultant, but continue living in them for one year.