* BOOM 500th post club ya'll*!

I am thankful I avoided the monster boom towns like Douglas and Casper. 

Schwed said is so succinctly: "When there is a stock-market boom, and everyone is scrambling for common stocks, take all your common stocks and sell them.

The massive boom in spending on oil production in the US will also likely come to an end.  

Sale price from wholesaler is $406,000 (he has it under contract at $395k)Rehab breakdown (based on bids):  - $6,100 on foundation- $89,500 on cosmeticsAnd here's where the confusion comes in:Wholesaler is advertising an ARV of $600kMy realtor is telling me we can get more like $625k based on his research.A seasoned investor I'm looking at buying this thing with is saying we can't sell it for more than $500k due to the market.As most of you know on here, Dallas is booming and this is a nice older neighborhood that has a lot of older people living there.  

So, the ones that could began to move back to the South of Kennedy Blvd. and the building boom was on.

I am in Arizona a market that dropped significantly since the boom, and I’m starting to think some investors are buying at FMV simply because they expect appreciation.

If you find it hard to or even worse, NEVER, sell a piece of property, you are not a real estate investor, you are a collector/hoarder.5.

Boom a wealth of knowledge.What I have learned?

Assume this is for a "young" person who has several decades to reap the rewards of salary, compounded returns, going back to school, take advantage of several boom/bust cycles etc.I think it's very possible if one lives frugally, has a solid job and invests prudently to get enough passive income to live off of in 20 years.