Actually, I find what Mike says to be encouraging to me.Find out how much money you need per month to be happy. Work hard to get the properties needed to sustain that, and then just be happy not working so much and enjoy life.
Its not about just making the money...Its being part of the action and making good smart decisions..I often use the line from my favorite movie Heat with Deniro and Sizemore..."Well ya know, for me, the action is the juice"...I'm in
You are setting a poor example to up and coming real estate investors by being paralyzed by fear in the face of oppurtunity..And you are setting a poor example because you more than anyone own "millions of dollars in real estate" during what is surely the most vicious pullback in our history in those assets...So you more than anyone have lost the most here...
I firmly believe now is a great time to get started in the real estate business.
I also, just like others, am surprised you've done no REI deals over that past year. I am willing to bet that if you got back into this, you could probably flip some nice properties for some great money, rather than holding them.
AS it should be!!!
I'm not going to be UPSIDE DOWN on ANY of these properties, UNLIKE the IDIOT bankers that loaned people $300,000 on a home which I just paid $40,000 for...(Last WEEK!!)That house will SELL for $200K....I'll be the BANK....They'll eventually pay ME between 2 to 3 times that $200K!!!!!
I'm not going to be UPSIDE DOWN on ANY of these properties, UNLIKE the IDIOT bankers that loaned people $300,000 on a home which I just paid $40,000 for...(Last WEEK!!)