My philosophy is if I can't collect the rent at night without carrying a gun, I don't want my families future leveraged there.

Whenever there is a bubble, most people like it and the government and fed encourage it with cheap money.

I'd encourage you to find a good REIA near you, and go to a meeting....not for the sake of the meeting, but for the sake of meeting people.

Any advice, comments, suggestions, and encouragement would be greatly appreciated.

My intent was to show him that they do not tell you about the pitfalls that most everyone gets trapped in when they operate in the blind excited way that most encourage you into with the "just get out there and do it" encouragement speeches.This taught us just what most of the pitfalls were and how to avoid them and we developed our own system that works for us and neither of us now need our second jobs but continue in them to put away the nest egg to be able to do any deal that we now would like to do.

Still, I think it is short-sighted as it skews the expectations of buyers and encourages mortgage holders to walk out on their mortgage.The market around here seems to be picking up. 2 houses within a block of the one I have for sale sold this week, and 2 more down the other direction within a 1/2 mile.

More investors and buyers will be encouraged to purchase homes due to this major change.Take a look at the revision:'Section 203.37a(b)(2) of the FHA regulations, 24 CFR, is hereby waived for a period of one year, September 14, 2009 through September 13, 2010, with regard to sales of previously foreclosed or abandoned properties acquired and resold by for-profit and non-profit entities using funding from and performing under agreements with state and local government agencies under the NSP program.'

We offer competitive terms and service which is second to none - just ask sveral others here on BP about our services.Last word of encouragement - stay involved here on BP and invite your friends, family, associates, contacts, etc. as the more BP Nation grows, the better it will be for each and every one of it's members!

Given that Dunn never indicated any liking for Mao Tze Tung other than for his "military philosophy," I'm not sure it's a big deal.

Did making that decision encourage or stifle your R.E.I. career at that time?...