We also have a beautiful golf course property just listed on VRBO and trying to come up with some marketing avenues to to affluent golfers and large family retreats in the USVI.Thinking Facebook page is the next step and look into golf magazines or send direct flyers out somehow.  

Tonight at 7pm there will be a group at Flying Machine Brewery if anyone wants to swing by!

Obviously stock market has some crazy swings. 

This game requires doing your due diligence especially in Southern California where the swings are still fractional, but when 25% is $250,000, it hurts when it goes south.

Appraisals could swing +/-$20K as an example. 

We bought land on a golf course in Montana, built a house, and am in the process of selling it.

If you look at margins nationwide California,Parts of Florida,New York,etc. are all speculative.I remember a 4 or 5 years back in Miami there would be only so many condos being built and sold in a development.The investors would pay a homeless person (no joke) 100 bucks a day to stay in the line for them.They would buy up units and then immediately maybe in 1 to 2 months flip them for almost double.The markets were totally crazy then.Same stuff in Cali where brokers were telling me trailers were going for 750,000.So some of these investors that bought and made a ton along with foreign investors are ready to play the speculation game.They are not really in it for the cash flow.They already have a nice portfolio and chunks of cash to allocate funds to speculative investments and if they don't all margin out they will be fine.Speculating is fine if you have the money to lose and still be flush with cash.So these speculative markets have very wild swings in values.First to tank down hard and first usually to start going back up.In Georgia we have more moderate peaks and dips.So with some appreciation back but not huge swings in the future you need the cash flow as part of the deal.I don't like speculation just the hard numbers.I will speculate to a degree on land for future commercial development but I won't buy a house that loses money every month just on the potential of appreciation in the future.

I love the economic analyses, intrigued with lending and capital raising strategies, and genuinely like being hands on with all aspects of my rental business, including swinging a hammer or breaking out the linesmen's pliers.Of course "financial freedom" is part of the goal...but being a passive investor doesn't get me excited. 

Sharpen the ax before you take that swing

When the pendulum swings back on any one or multiple of these it could cause dramatic losses in the Multi-family category.