Yes I am addicted to the blog and headed to the “poor house”.
An, Just think about this, Even though the 400k is hypothetically your’s. If the market tanks your money is gone and it’s “other people’s” money that you are trying to make the most of. In overpriced, risky enviornment like the San diego Housing Market that’s not a very good way to play it. Especially since you can not throw out the real possibility of becoming sick or losing your Job for longer than six months.When you are a really big fish then maybe you can mess around like this.
Using “other people’s” money in RE has been fantastic way to improve wealth but it is all about timing and understanding how to use it and luck. Timing is definitely not in play now. The luck will probably be bad luck.
