Thank you Greg. Just to give you an idea of my current and past investment break down, any time I had money I bought property. I started in 2000. By 2006 had 6 properties and buy gut instinct i immediately dumped two of the most recenly bought and luckily did not take a hit on the last two and lost $150k on the still owned previous which is what i used as a down payment so yes....I took a $150k cash hit.
I'm OK on the others as I bought in pre 2003 and they are rentals.
Now I am stagnet, in the construction business in the Sacramento area, and business is slow. My thoughts were.....well I have these properties I could rely on for retirement.....but in the back of my mind I'm not 100% confident as I would like to put 3 kids through college.
I am going to go back and take notes on all you have shared.......and once again, this site is very fortunate to have you......Thank you.
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Gaetano Cosentino
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