What you need to do is pick a area that you can find your first property to kind of play with.Are you looking to buy and hold for the residual income, or are you trying to FLIP.Whatever it is you are trying to do.

Thank you for the kind words, It is very appreciated!

Depends on what kind; installment, consumer, or investment debt-makes a dif imo.Most people not only don't have the reserves I listed, but here is the bad news.

It doesn't make sense if you make $300k and you live week to week what kind of freedom is that.

What kind of background do you have in investing?

Thats the kind of price drop I look for.

I also kind of think it would be easier than dealing with the $13/hr employees who call themselves Loss Mitigators who are really just paper pushers.

excellent points....I kind of forgot that the HELOC rate could change....mine has a locking option as of yet, so that could help me hedge my bets...thanks for the reply.

& to tell you the truth I was wondering what kind of a response I would get from that post.Hence I spent some time considering what I said over the holiday.In my personal opinion in this day & age with so much of our economy based on emerging technologies & securities.

I'm not even sure how to invest in that kind of market now.