RE used to be so foreign to me until I went to a RichDad event I was totally mesmerized by the idea that I could possibly... own RE!

A sponsor that took advantage of investors propensity to be mesmerized by high yield and look no further by issuing a note that allows them to UNILATERALLY convert the interest paying note to “equity”, which MAY pay out nothing EVER.

Prepare to be mesmerized as you indulge in the opulence.

The point is make sure you exhaust your search for answers and don’t get mesmerized because it’s a great deal! 

But for sure the sales speech is going to be better and mesmerizing playing on your emotions.

And I mean like reading/following basic prompts.Seriously… WTFIt still mesmerizes me to this day how many people are just plain ignorant when it comes to doing due diligence.I mean guys, we are talking about someones life savings here.Money that took years of blood, sweat and tears to earn/save.Get serious and do you research.You need to know what you want.You need to have confidence in your decision making.If you don’t know what you want, don’t expect someone else to tell you what you should want.

I don't know what a good vacancy rate is as opposed to a bad one.. but if your managing 2k to 10k houses I suspect your always have some manner of vacancy.. the main take away for me is you simply cannot buy property in the "cash flow markets" were your buying in the lower third of the economics of a given MSA.. those are just tough for whatever reason history has proved this.. most of the buyers have only them selves to blame here.. they are all mesmerized about COC returns and take risk they just don't understand.. then they blame the tenant and the asset.. when in fact its their own choices that lead to the inevitable in low value asset or bottom third in price point in a MSA..

Sorry, I was mesmerized by the image in your avatar.

These ask for a lot of renovations in order to increase their lifespan, but it is manageable...Except for one thing that has left me mesmerized: ceilings.

With the pricing being so low in the entire market it's easy to get mesmerized by the out of state pricing.