I only got into this to perform on my properties.

It is also true that the vast majority of newbies fail in a short period of time because they 1) pay too much for their property and lose a bunch of money due to the negative cash flow and 2) they don't understand how to deal properly with tenants.I look at each deal a person posts individually.

Here's an example:price $100,000down payment 10%, 10,000Amount financed $90,000Rate 6%Term 30 yearsPayment $539.60 (P&I only, your actual payment may include taxes, insurance, and PMI)payments made 24balance $87,721.41, 87.7% of original priceTo get the balance in this example down below 80%, you would need to make 89 payments, about 7 and a half years.

Well I only recently bought my first rental.

I only scanned thru it and have not read the whole thing.

I only have 1 of my early fights on the internet.

I only wish my Micro and Macro Economics professors had the insight and sense of humor this guy does.

.- Putting 20% down- Planning to rent it out (will be negative about $200 a month)- I'm hoping for long term appreciation- It's not a fixer upper.

I'm sorry once again to come off in a negative or fraudulent light.

I read it over and can't really see how that could have been taken negatively. ??