A Wedding, a wife, a house oh my!!!

[mredskins]

Originally Posted by skinsguy

It just happens to work out because you have been LUCKY so far. And you have still lost money on this venture, and could still lose money. Have you ever thought about what would happen if you got sick or injured and couldn't work? Or if you just flat out lost your job? How would you be able to maintain two rental properties and the current place you live in? I bet you're paying on all of that property, aren't you? Like I said before, it's different if the property is bought and paid for, but if it's not, you're taking a very insane chance at losing your butt.

I'm giving WaldSkins the best advice that he needs to hear. Schneed10 has pretty much echoed what I posted earlier. There is absolutely no risk in WaldSkins buying a home if he follows what I've said.

I actually lost my job after 9/11 and my rental properties kept me afloat for six months until my company hired me back. As far as losing money yes that will happen with any rental property from time to time you just have to have the savings/cash flow to ride that wave out. Anyone that has been in "business" has lost money it is the nature of the game.

You seem to believe I have no other forms of income other then my 9 to 5 and I do not have a savings account both are untrue.