The people are a bit abrasive and the fees are excessive.

Each individual needs to assess their own ability to handle costs over that time frame when cash flow may dry up.

Buyers have pretty much dried up and have the power currently.

I have never held a mortgage 15 years (or even 12.5 years) and I have had quite a few mortgages.I claim that it is better to have the negative cash flow and use the $450k to achieve a return in excess of the 6%.  

Somehow I think it's better to hold onto my own money and keep that dry powder on the sidelines waiting to get into the game if there are some emergency expenditures (haha, very likely with the kinds of deals I'm thinking about in class C neighborhoods).

I guess the well has run dry.

Hello BP Community!My name is Jed Butikofer and I am currently located just outside Bakersfield, CA, but move frequently for work. Background: My mother was real estate agent and my dad knew construction so we flipped...

Paid off my primary when it got down to 90K.... not a ton of loan left, so I just paid it off, but still had plenty of $$ to invest in other things...it didnt tap me dry to do it.Exactly. 

Hi Kyle, 1500-2000 is excessive.

They are either landlocked or the road leading to it and often than land itself sits inside a dry creek bed known as an arroyo that floods whenever it rains upstream.