I knew from a young age I was destined to be different.I was the one always thinking outside the box to find creative ways to make things happen.Working a 9 to 5 job for the man would be literally like DEATH to me.When I got into real estate about 8 years ago my first broker said "Be passionate about what you do and help people first and the money will take care of itself".I do get satisfaction out of solving a really hard problem and being able to do what not many other people are able to do.That's why I love commercial real estate because of the complexity of it.On flipping properties I am debating that versus flipping businesses.I am a natural at taking an existing business and locating the problems and fixing them.

I had a friend who had oil rights conveyed by will and never knew it until he was called out of the blue.

The toilet wont fill up- Maybe it would help if you turned on the little thing under the bottom of the tank.There is water leaking from the upstairs bathroom into the downstairs- Really how did that happen- we go over there and apparently someone pulled the hose that fills up the toilet tank out and so instead of going into the toilet tank the water was spraying from the bathroom into the downstairs damaging my drywall and floor..Then there was the call about there is no heat- I paid a heating guy who went out there midnight to check- Turns out they hadn't bought oil and the oil tank was empty- Thier responsbility.Long story short- I cant even remember all the stuff they called me for but trust me even my contractor was teed off with the amount of calls.

When somebody mentions using a 1031 exchange, I naturally assume they're looking to maximize their tax-deferred benefit, i.e., roll their entire gain into another like-investment.

http://www.marketwatch.com/story/double-digit-rent-hikes-are-on-the-way-2011-01-13A perfect storm is brewing for rents to rise.Some highlights:"Multifamily developers broke ground on just 114,000 units in the United States in 2010, a figure so low that it wouldn’t account for all the multifamily units lost last year to the wrecking ball or natural disasters."

I love the positive nature of this place with all the optimistic investors.

These books were generic in nature and not real estate specific.

Naturally, all of the most affordable properties are popping up in what most would consider a "spotty" or "ghetto" neighborhood.

If the owner made a poor decision in hiring the manager, why wouldn't the stockholders of BP be liable for the Gulf Oil spill since they elected the Board of Directors that ran the company?

I am a very conservative investor by nature and am quite careful about the types of risks I take and generally do not like bankruptcy risk very much. :)