Forbes has a slide show featuring properties across the nation which are selling for around $1 million.  Some of the cities are Phoenix, Nashville, San Francisco, New Orleans, and New York, or course.

I think what is interesting is how many days the properties have been on the market which is a good market gauge.

It is not surprising that your million dollars doesn't buy you much in San Francisco for example.  When you compare that property to the one from Dallas,  it's almost a no brainer.

Here's  the list of $1 million properties

Related articles by Zemanta

• Osama bin Laden's Abandoned Florida Mansion (neatorama.com)
• In San Francisco, Shopping 3 Big-Ticket Properties (dealbook.blogs.nytimes.com)
• Mansion squatters return in a big way (seattletimes.nwsource.com)

• Stairway Walks in San Francisco User Reviews Send this to a friend Stairway Walks in San Francisco Manufacturer: Customer Rating: List Price: Varies based on product options Sale Price: View Sale Price Availibility: View Product Availability Buy Now Product Description Product Details No details are available for this product Video Reviews No video reviews......
• Games Consoles, XBOX, iPhone Products From China China - Games Consoles And The Scam More than a few people have discussed XBOX and Games Consoles, and I’ve often been asked about sourcing them. I’d like to make specific mention of this issue briefly here. The Parallel or Grey Importing of Goods. The parallel or grey market......
• Email Marketing Strategies - 3 Tips To Effective Broadcasting Image by MikeSchinkel via Flickr Email Marketing Strategies Tip #1 You build your list one person at a time. I use to use copy/paste messages my upline use to give me.  What I have found is that copy/paste follow up series don't work as good as up to the......
• How to Find Unclaimed Money (and Unclaimed Property) July 21st was the fifteenth anniversary of my father’s death. He died of cancer at age 49, just ten days shy of his fiftieth birthday. When Dad died, he left behind a meager estate. Aside from the custom box business (which, admittedly, was not “meager”), he managed to leave each......
• Homes Sarasota Owners Search For Hope In Recent Housing Market Survey Homes Sarasota property owners hope recent survey at www.move.com includes Sarasota homeowners, who eagerly seek housing market recovery. If we look around, you and I (might be able to) see promising signs of housing market recovery, one small sign at a time. httpvh://www.youtube.com/watch?v=-lDJZ9r4Mkg www.move.com recently released a survey claiming 1......

Image via Wikipedia

A serious tenant problem is the spending of  too much money on a property because a tenant is demanding you fix things.  These tenant types think of you as Santa Claus and they can come to you with their long lists of things they want.

Case in Point:  I have an old house with several tenants.  One tenant  has been very quick to ask for things he really doesn't need.  In fact, at times he has demanded we fix things we don't have the budget for.  How to handle a tenant like this without him moving?

Here's what we did and so far the psychology  is working. 

He has a little garden that has costs much higher water bills.  Unfortunately, all the tenants share the same water meter.  We can't change that, and that is a different subject for a different post.

We explained the water bill to him and told him we had checked the entire property for any leaks.  We think the extra $150 jump in the bill was coming from his garden.

"What?  I don't water that much."

To summarize we had all our facts and figures to present to him.  We know exactly what the averages are for the water per unit per month.  Math is math and really isn't easy to dispute, no matter how hard people sometimes try.

He tried to blame it on some of the other tenants, but we were ready for that argument also.  In other words, we had done our homework.  We know what they use too.  We were ready to go to "court". 

In the end, he saw it our way, but it took some patient convincing.    He had tried to "ask" for a new kitchen floor.  We explained to him he was not in a position to negotiate anything.  Times are hard, we told him.   Besides, we reminded him, he is paying $50 less rent per month than he should be paying. 

"We may need to do up on the rents," we said.

He is getting rid of the garden.  Case closed. 

Take Away:

1. Do your homework.  Make sure you have all your facts and figures before you approach a tenant about anything.  You will be a force to reckon with when you are armed with knowledge.  Knowledge really is power, and even your dumbest tenants will know that.

2. Be nice.  You don't have to get rough with them.   Keep the dialogue open but let them know you won't be bullied.  Adult bullying is no different from kid bullying.  Don't let them take the first punch.

3. Be confident.  Let your tenants know you are running a business.  

Related articles by Zemanta

• 51 Blog Posts Written by Landlords about Nightmare Tenants(rentersinsurance.org)

• Downsizing To Save Hundreds Per Month & Reduce Needed Income. Yep, moving again. Granted, this move isn't as far as my last few - California to New Mexico and then New Mexico to Colorado - but in a week or so I will be moving exactly 1/2 of a block. After much angst and discussion, I decided that I wanted......
• Pay-Per-Click ( Waste Of Your Time And Money ) Tons of of hundreds of companies are using PPC to advertise on the internet, and there are additionally 1000's of companies selling their providers for something you can easily do for yourself. On the surface, it could appear to be a cost efficient form of promoting; you select your......
• How To Avoid Paying $900/Month For Your iPhone If you reached this site with questions about AT&T, I can help you. I can help you get free minutes, free text messages, and your cell phone bill reduced, even if they are legitimate charges. Just send me an email, I'll respond quickly and we'll get any unnecessary charges removed.......
• Tenant Retention As landlords, it's important for your rental property to be occupied at all times.  Vacancies mean lost of income while frequent tenant turnover can mean big expenses for repairs.  Not to mention marketing expenses to search for the perfect tenant and holding cost.  Due to the number of homes on......
• Second Life -- the eConomy? A friend at work told me about this massively multiplayer game he's become involved in called Second Life. It's become such a big deal, it make the cover of Business Week. It's a resident-created economy where avatars (the alter egos of the human players) buy and sell things in the......

Those are the questions being asked since the Federal Reserve came out proclaiming it would continue to keep the bank's rates to zero, for a while anyway.

Kansas City Reserve Bank President Thomas Hoenig is dissenting with the policy.

Read Hoenig Says Rates Dangerous

XE.com – MONEY MARKETS-Interbank dollar rates fall on Fed economy view

on U.S. interest rates. Minutes of the June 22-23 Fed meeting released on Wednesday. showed officials wanted to be ready to consider additional. steps to boost the U.S. economy if an already softening outlook …

Publish Date: 07/15/2010 12:49

http://www.xe.com/news/2010-07-15%2013:49:00.0/1276889.htm

Pimco's Gross: Fed won't raise rates for at least two years …

Pacific Investment Management Co.'s Bill Gross said the Federal Reserve is unlikely to raise interest rates for two to three years as it seeks to keep the economy from slipping back into recession.

Publish Date: 08/13/2010 6:59

http://www.thetradingreport.com/2010/08/13/pimcos-gross-fed-wont-raise-rates-for-at-least-two-years/

Fed official sees bigger risks in future, not now | The Daily …

One of the many challenges of being a Fed official is having to make decisions on interest rates and other policies actions now — based on your best thinking of what the future will hold. When James Bullard, president of the Federal …

Publish Date: 08/13/2010 11:25

http://dailycaller.com/2010/08/13/fed-official-calls-low-rates-a-dangerous-gamble/

Who will fix the economy? The Fed, Congress, shoppers and …

Typically, the Fed can lower interest rates to encourage Americans to borrow money and spend it, invigorating the economy. But the benchmark interest rate controlled by the Fed has been almost zero for more than a year now. …

Publish Date: 08/13/2010 16:15

http://www.washingtonexaminer.com/nation/who-will-fix-the-economy-the-fed-congress-shoppers-and-businesses-all-shrug-100638024.html

Related articles by Zemanta

• Fed economist: US must avoid mistakes of the past (seattletimes.nwsource.com)
• UPDATE 1-Fed's Hoenig-Keeping rates too low 'dangerous gamble' (reuters.com)

• The Rule of 72, 114, and 144 This is a guest post by Dax Desai. I write at a self-named blog about daytrading, financial planning, and small business issues, and whatever invades my mind at the moment. I was interested in doing a guest post at this blog and when I saw he was going on vacation......
• US Inflation Much Higher Than Reported: Get Ready For 10% Inflation Today's post is an excerpt from a letter by Martin Hutchinson. He's done a great job of explaining why interest are so low and why inflation will probably run 10% pretty soon. Back in the early 1990s, the Fed and its chairman - Alan Greenspan - had a problem. And......
• So Long Annaly Capital! In October 2008 I bought Annaly Capital Management (NLY)  at around $13.  Annaly Capital is a REIT that buys mortgage-backed real estate securities that are essentially guaranteed by the government via GSEs (or government sponsored agencies). According to Google finance "it owns mortgage pass-through certificates, collateralized mortgage obligations, agency callable......
• Myners backs the banks. City Minister Lord Myners said he recognized the need for state-backed banks to compete in the global market, as he signaled the government would not block them from paying large bonuses to staff. Lord Myners told the Scottish affairs committee on Wednesday it was important the Royal Bank of......
• Depth Chart Preview In the Offense there are 6 Returning Starters: Quarterback 15 Tim Tebow is a senior, 6-3, 245. Quarterback 12 John Brantley is a sophomore, 6-3, 217. Running Back 2 Jeffrey Demps is a sophomore, 5-8, 183, or Running Back 2 Chris Rainey is a sophomore, 5-9, 175, or Running Back......

Thanks to the Trouble Assets Relief Program some states will be receiving mortgage payment relief.

This is almost unbelievable.  Where will all this money come from?  

The government feels the mortgage crisis has now reached the middle class or those folks who used to be able to pay their bills.

Here's another suggestion.  Holding on to a job might be the best way to pay off a mortgage.  People are losing their jobs so therefore they lose their homes.  What people need most now are jobs.

Here's more information

• Beware the Cash-Out Re-Fi This has been a good news week for homeowners looking to re-finance their mortgage loan into a lower rate.  Mortgage interest rates fell sharply this week following more rescue actions by the government.  The average interest rate for a fixed 30-year mortgage loan dropped to under 6%, a seven week......
• Reverse Mortgages: Are They A Bad Idea? Anybody that has been watching television in the last few years have seen a commercial for a newly created financial product called a reverse mortgage.  These products are geared towards seniors and the commercials are very vague about what a reverse mortgage is, other than stating that it will get......
• Young American’s Guide to Avoiding Debt This article is a guest post by William Eve. William writes about saving money, investment loans and real estate for Home Loan Finder. If your a first home buyer or looking to refinance, visit the Home Loan Finder website for great advice and to compare home loans today. Avoiding debt......
• Gold Eagle Coins Coins & Paper Money -> Gold -> American Eagle Gold Eagle coins are American currency, first released in 1986, that contains the stated amount of actual gold weight claimed in troy ounces, with a silver and copper alloy added to make the coins less soft and more wear resistant. The......
• Tips To Save Hundreds Of Dollars On Your Mortgage Insurance Mortgage insurance can be an expensive part of owning a home and, for many people, is a mandatory part of your mortgage agreement.  To get the cheapest price for your mortgage insurance, there are a number of different things that you must consider and a few tips that you should......

Housing sales took a nose dive in July, according to the numbers crunch.  I'm using Nashville as an example because that's the real estate market I am directly involved in and I know it all too well.

The last year has been very difficult for us as landlords.  We've had a huge turnover in tenants; much larger than usual.  We're still getting 30 day notices, which is very strange for this time of year.  Usually, the season starts to wind down along the middle of August.

The article from the Tennessean sums it up.  The Obama tax credit for first time homebuyers is gone.  The article further points out  those  new homebuyers have already bought.  That means houses were sold earlier this year and sales are not being spread out over the remaining months of 2010.

I won't criticize the Obama tax credit.  I've already done that ad nausium.  But I will say this.  You can't keep on interfering with the markets.  I don't think you can tweak and play with the real estate market, or any market for that matter without causing further damage. 

The important thing is to look to the future.  What can we expect?  More of the same, perhaps?

I am guessing there won't be any more stimulus for first time buyers.   It will go the way of the clunkers for cash program, thank goodness.   What I do see as a possibility is that the Team Obama will now turn to Freddie Mac and Fannie Mae distressed homeowners and will give them some sort of bailout.  I didn't think that was conceivable a few weeks ago.  I now know anything can happen with this White House.

That will be cataclysmic.  Homeowners who are paying off their mortgages will think it isn't fair and why should they keep on struggling?  One suggestion is to bring hope and change to Freddie and Fannie in the form of a complete makeover.

Still, I'm generally optimistic.  I think once we're past the New Year, things will improve.  Real estate will make a comeback.  It always has.  That is what keeps me going.  I know the cycle will turn.  But I think the government ought to leave these markets alone now and let the chips fall where they will. 

Related articles by Zemanta

• Pending Sales of Existing U.S. Homes Decreased 2.6% in June (businessweek.com)
• Freddie Mac Post Huge Loss, Wants 1.8 BILLION In Federal Aid (huffingtonpost.com)
• Gov't likely to keep big mortgage market role (sfgate.com)
• Fannie Mae Seeks $1.5 Billion in Aid as Loss Narrows (businessweek.com)

• APPLE OF MY EYE - iPhone 4 film / movie (shot and edited) - includes behind the scenes a Majek Picture | support our next project at www.tinyurl.com/majekpictures UPDATED - this is the new updated video that includes the iPhone 4 behind the scenes - please link to this one! Shot and edited entirely on the iPhone 4 / iMovie App (in 48 hours). Read some of......
• Wrong management of Stimulus by Obama Managing $787 billion worth of tax-payer's money is never going to be an easy job. But the manner that it has been handled by President Obama and his administration, has to be questioned. The President has basically not done enough spending of his money due to weird budgeting practices on......
• Own A Home? You're On Welfare. Well, at least that's what a columnist in Time magazine thinks. (It is in the current paper issue, so it's not available online yet.) I never really thought about it that way, but he is kinda right - owning a home does provide the homeowner with a kind of welfare......
• Freddie and Fannie are Slow Learners Freddie Mac announced that, come this September, it will no longer back interest-only mortgage loans. This is good news but raises two questions. First, what took Freddie took so long to pull the switch? Second, when is Fannie Mae going to follow suit? Let's recall that taxpayers bailed out Freddie......
• Old Media vs New Media Ever since President Obama asked a reporter from Huffington Post a question before all other news agencies except Associated Press, there has been a war with “old media” and “new media”. We would like you to note that we are not a news organization, we are an opinion site/blog. Firstly,......

Dean Gardens, Atlanta's pink elephant mansion has finally sold after being on the market for a whooping fifteen years.

The Pepto Bismal Pink colored manse sold finally with a $25 million price slash.  The house will be demolished soon.

It's 32,000 square feet of, well, unique decorating. The nursery  actually looks somewhat sinister to me.  Kind of reminds me of an old department store here in Nashville where they had carousel horses floating all over the place.

Reasons for selling?

"The operating expenses far exceeded my expectations," says home seller Larry Dean.

Yep, some real estate investments are like that.

Read more about Atlanta's Pink Elephant 

Related articles by Zemanta

• Atlanta's Pink Elephant Finally Sells, $25 Million Off (blogs.wsj.com)

• Live Interview With The Winner Forex Robot Developer From Croatia Who Won The $100,000 FRWC Cash Prize Get these Correlation Trading Cheatsheets FREE just now. Learn this powerful secret Fibonacci Retracement method FREE that pulls 500+ pips per trade. Watch the FRWC Champion on this video and listen to his amazing story. Forex Robot World Cup Winner Talks, The Forex Robot World Cup Stuns Again, Who Really......
• Real Estate Bubble Chartology Post-Government Home Buyer Tax Credits Depending on your views (optimistic vs. pessimistic) of the housing market, you can probably make a pro or con argument on the future direction of home pricing based upon the following 10 year chart. (aka - the Bubble Decade). Personally, I'm in the glass half empty camp, and like many,......
• Stocks vs. Real Estate May's Money Magazine tries to answer the Stocks vs. Real Estate question (see page 94). I had thought that real estate was going to come out the big winner. I know that real estate has been really popular of late, but I had it as the favorite due to the......
• Making Your Money Back: Similarities between the Tech Bubble and the Housing Bubble This post is a summary of a private discussion I've had with reader Josh regarding my post on spotting investment bubbles. He asks: When could I reasonably expect my Atlanta condo to be worth what it was 4 years ago when I bought it? I thought the discussion and similarities......
• 6 Tips to Take Your Real Estate Investing to the Next Level Taking your real estate investment business to the next level means going into territory you haven't gone before to reap rewards you haven't yet obtained. I know a lot of people who do the same types of deals they did when they first started in real estate investing. Now there's......

Fannie Mae and Freddie Mac Bailouts where Obama may be aiding distressed homeowners has Washington buzzing today.  Granted the rumors are wild, and we never thought the government would actually do it. However, some folks are reporting there is a strong  possibility Obama will try to forgive some Freddie and Fannie debts.

What does this mean?

We believe it's political.  He's trying to aid distressed homeowners who got on the wrong side of the real estate cycle.  But hey, people do that all the time.   They over invest or they invest in the wrong real estate at the wrong time.  Does that mean our tax dollars should be used to bail them out?

Most importantly, exactly where will this money be coming from?  They're having to look underneath the couch cushions now for coins.

Read Obama's  Freddie/ Fannie Bailout

Related articles by Zemanta

• Conservatives Already Slamming Obama Over Rumored Fannie And Freddie Mortgage Giveaway (businessinsider.com)
• Treasury Denies Talk Of Massive Homeowner Bailout (businessinsider.com)
• An Even Bigger Gigantic Bailout from the Obama Administration? (yzerfonteinchronicles.blogspot.com)
• Fiscal Stimulus, Executive Branch Style (wallstreetpit.com)

• Real Estate Stimulus Fail For two years I've preached that artificial means to prop up an inflated real estate market are not permanent solutions. Obama and his economic advisors (who are gradually jumping ship) thought otherwise. Can you guess where this is going? After flooding our economy with billions in home buyer tax credits......
• How To Invest In Real Estate With No Money Down Do you want to invest in the real estate business and the only thing that is stopping you from starting this venture is your inability to generate the necessary amount of cash or financing? There are ways available for investing in real estate with little or no down money. You......
• Understanding How Social Networking Works for Blogs By now, the phrase social networking has been emblazoned on most of our minds. The problem is, not a lot of people understand how it really works or how to use it to promote their sites and their blogs. When used properly, social networking can be very beneficial and can......
• Tips for Selling a Home in a Down Market These continue to be the worst of times for home sellers. The rate of foreclosures has fallen, yet RealtyTrac.com reported in early March that the number of homeowners facing foreclosure in February 2010 still was six percent more than in February 2009. That six percent was the smallest annual increase......
• Weakon 247: The Great Depression Welcome to an economics history course.  Weakon 247 is a class that talks about the Great Depression.  Most notably we'll talk about what created it, and how we got out of it.  The Great Depression is considered the standard by which we compare "how bad things get." To know the......

The trend is that people will be moving closer to cities-again.  They will not be locating farther away in the suburbs because of higher gas prices and expenses.  Baby boomers want to be closer to what they need.  They do not want to drive everywhere.  Younger people want the neighborhood experience instead of the big lawn, super maintenance of the burbs.

That means savy real estate investors need to pay close attention to these trends.  This is very important because location is everything.  The younger generations want to connect more- and they want to do a lot of it on foot.  They want to be able to walk around and see their neighbors. 

Baby boomers will be driving less and want to be able to get groceries and supplies without getting into their cars. 

Drive around the outskirts of your city and notice the rehabbing going on in the closer neighborhoods.  If a coffee shop has already opened up, you may be already behind the trend.  Look, observe and then invest in houses that need rehabbing- easy rehabbing.  Or if zoned right, you could just tear down a old house and build a new one or two on the lot.

Read ABC's Special Report: Real Estate Investors Investing Closer to Cities

• Getting Started in Commercial Real Estate on Your Own and Without the Sales Pitch Greetings!  My blog just got hijacked.  I wonder how that happens.....well....I guess the bright side is that the "blog terrorist" felt this blog was getting enough traffic to hijack.  Well....for those of you that had to endure the nonsense....I apologize.  I wish I could tell you it would never happen......
• Is It Still A Good Time To Invest In Real Estate? Well, it depends on a lot of factors. Like where you're investing. There's a really good site called Housing Tracker that tracks the inventory and median home price for major cities. It has a pretty simple interface and its a great resource. Looking at Los Angeles I saw the inventory......
• Commercial Real Estate Investing - Latest News Image by nancyarora2020 via FlickrThe latest news on commercial real estate investing from around the blogosphere: All you Should Know Before Buying Commercial Real Estate ...You can buy commercial real estate with no money down, especially if it's because your money is bringing you more in another (safe) investment. On......
• How To Become Wealthier, Faster Investing In Real Estate Having rehabbed over 521 properties in the last nine years and collected over 3000 apartment units I'm often asked, how can I become wealthier faster investing in real estate? While most investors concentrate on some aspect of single-family houses, I was always interested in apartment houses first, and then single......
• Real Estate Investments - Good Idea or Bad Idea? Right now, if there was a market that had bad news written all over it, it would be real estate. The housing crisis has made investors jumpy, the economy appears to be tanking and home values are plummeting across the country. Would you believe that this is actually a good......

Fannie is taking them to the wood shed, so to speak and it is probably about time.

Borrowers who are walking away and could have paid the mortgage will be held accountable for their actions.

Punishment:  They won't be able to get future insured mortgages.

Get tough politics? Common sense, if you're asking.

However, another sticky point arises.  How can the government really determine who could have paid vs who didn't?

It gets curiouser and curiouser as Alice would have said.

Read Fannie Mae get tough on 'strategic mortgage defaults'

• Mortgage - Latest News Image via WikipediaThe latest news on mortgages from around the blogosphere: Pace of Private Sector Job Losses Slows – ABC News | Mortgage News ...Mortgage News and Mortgage Rates on February 03, 2010. Latest news on mortgages and mortgage rates. 3rd February 2010 SEARCH. RSS · Home · About. Pace......
• Cartoon Capitalism I'm often extremely pessimistic on the state of the US economy. In public settings my doom and gloom predictions seem to depress people so I tend to restrict my rants solely to my blog. So it makes me happy when I read an article that agrees with my thoughts on......
• Effect of Government Takeover of Freddie Mac and Fannie Mae on Mortgage Rates Recently the U.S. government took command of the sinking ships that were Freddie Mac and Fannie Mae. Officially Freddie Mac and Fannie Mae were placed in a government conservatorship. The move was in response to the slumping housing market, rising unemployment and slowing consumer confidence. Ideally this move will provide......
• Weekend Personal Finance Links Much of my day slipped away when a MonaVie distributor decided to threaten to physically harm me over at my website explaining how MonaVie is a scam. I spent a little too much time trying to show him how he's Brainwashed by MonaVie. This process is usually a lot quicker,......
• Fannie Mae/Freddie Mac - Looks Like I Own Part Of $5.4 Trillion In Mortgages Now. As I am sure you are well aware of by now, the government just bailed out Fannie Mae and Freddie Mac with our tax dollars. Yep, you are now the proud part owner of $5.4 trillion in mortgages, some of which are sound and many of which are not. Over......

There is a rumor being reported by the Washington Post that there will be a sales tax on real estate sales beginning in 2013.

Of course, those of us worth  less than $200,000 don't have a thing to supposedly be worried about.   Those of us over $200,000 do have something to worry about.

So what's happening?

The money will be going for the new ever so complicated health care system.   And it isn't being called a sales tax, you see.  It is really a Medicare tax, as if that will make any difference to the taxpayer. 

I just love this quote:

"Of course, the Washington area has experienced dramatic appreciation in real estate (at least in recent years), so some homeowners may be hit with this new tax. But the large profit that has been made should offset the nominal tax that has to be paid."

Funny, how some people believe taxes can be offset.  It's also funny how property taxes that we're paying in Davidson County, TN  have not been off set.  They're coming straight out of our profits.

Anyway, read Fact or fiction? The health-care law and real estate tax

• How we Network We network naturally. It isn’t something just corporate executives and politicians do. We often don’t even realize we are. We form pictures of people in our head. Is natural and not necessarily wrong, though it can be a stumbling block more than a stepping stone. You can choose to see......
• Market Timing with 401K Contributions Last Week, I said now was a great time invest in stocks. Those who listened to me are probably upset as the Dow continued to drop from around 13,250 to 12,700. They may get more upset with me in the coming weeks and months. I'm confident that in years......
• Here's a great comeback when negotiating to buy a property It's no secret that there are federal tax credits available for many people who are looking to buy a home.  Both first-time and non-first-time homebuyers now can play the game. The people who are among most aware of the credits, of course, are people wanting to sell a home.  It's......
• Wholesale Real Estate Investing Carnival - August 10, 2010 Welcome to the August 10, 2010 edition of wholesale real estate investing carnival. Tradingsphere presents A Rough(er) Patch Will Soon Develop posted at Stock Tips, saying, "Reasons why stocks may be headed down over the next 12 months." That concludes this edition. Submit your blog article to the next......
• Real Estate Secrets - Making Money With Multi-Family Homes Their media graffiti is everywhere; real estate gurus who want to take your money in order to teach you methods of buying and selling real estate that are supposedly going to help you to make a six figure income every year but in reality are going to result in you......