The reality is that if your rent is barely above the mortgage, you ARE losing money - you just might not realize it yet.I would suggest only buying at a HUGE discount.

I realize that alot of people here will think this is weird but I think it would be smart for me to slowly and steadily build wealth rather than going for getting rich super quick.

I realized that working for someone else will never get me to the point I want to be at in life.

I realize my question is about home buying, but I view it as an investment vehicle as well.I found a condo.

Maybe in the future software companies will realize this is a nice feature to have in the trial versions.

But little do they realize that, it's not you, it's the market that's making anyone who buys rich right now.

I just realized!!

I realize my question is about as newbie as it gets, so thanks for your patience!

There are so many idiots that aren't smart enough to realize after fees, they are losing money on every item they sell on eBay which makes it tough to make money there.

So far i'm looking at austin, tx as a long-term investment but i'm open to investing in other areas.at 21 (dec '04) i bought a house in socal with 100% financing that should have never been approved. i was struggling financially so i decided to rent my townhouse to a stripper after only 4 months. i realized the local market (riverside county) needed a major correction so i sold the house after one year (dec '05) for a healthy 20% profit. today, the house is worth the same as when i sold it and i think it's on it's way down.anyway, i am making twice as much money today as i was then, i've learned a lot about real estate investing from books and personal experience over the years, and i think i'm ready to start my career in real estate investing!