My concern is that this area could very well go down hill as well, and my building will be worthless, or shall we say impossible to sell to someone else and make a return someday, and I would have just been better off investing in a lost cost Vanguard Mutual fund instead.What I am not interested in doing is putting money out of my pocket every month to run the place.

But I also know 2008/2009 will be a great time for beginner/long-term real estate investors like myself.

As far as I am concerned, a 10% price drop barely even counts as a correction and it certainly does not warrant all the panic that the press is trying to drum up.When prices were going up 30% per year, I wouldn't have bothered to purchase a property that I could only get 10% reduction in the price. 10% off is no bargain, and 10% isn't diddly squat in real estate prices.Somebody wake me up if prices drop 50%, because I'll have some serious buying to do at that point.

Don't refute each of her concerns.

"The WealthLoop Series Beginner's Guide to Building Wealth Buying Houses: The Foolproof Roadmap to Real Estate Riches Without the Risks and Hassles of Landlording"I like this book alot.The general overview was a bit long for me.

HMLs serve a purpose (particularly in rehab projects) and the best way to address your concerns with rates/terms is to build the cost of borrowing into your budget.Regards,Scott Miller

Originally posted by "josephboulogne": I will send you my postcard through pm as I'm not sure I want to share that with the whole forum.That may be part of the problem or a hint of it, --if you don't want to share it here, what are you concerned about?

Here are my primary concerns trying to start out.I dont want to have to buy 20 different books/courses to get all of the info I need.

However, to be frank and honest with you, I'm not exactly sure why the IRRs tend to peak in years 8-10, I just know that they do, and I trust that all money factors have been taken into account in getting those figures.Each case is different, obviously, and are based on projections and not the actual real world numbers, but it gives you an idea going in of what your ideal exit time would be to maximize your return.MIRR addresses the concerns you have about false positives -- it is "Modified" IRR that takes into account the fact that the money kicked out by an investment won't necessarily earn the same return as the money that's still tied up in the investment.

Two totally different companies as far as I am concerned...