Has anyone tried the Equinaire approach to buying real Estate?

No.

But anyone who tells you at your level of experience and knowledge to go in debt to invest and buy real estate by using your home as security is doing you a disservice, especially as roller coaster natured as California real estate is. There will even be someone who will counter my comments herein to say how wrong I am and tout their success. I recall the Bible verse that says “Many are called but few are choosen.” So as you are filing the bankruptcy forms it is too late, and you’ll remember to not do it again. I have helped people like you write the letters of explaination for their financial failures enough to know that for the average person it is not a wise decision to gamble with the family home and its security.

You need to save some funds, for in the next yr or so there will be forclosures in CA that you will be able to get favorable bank financing on at good prices. I’d suggest that a better investment is a commercial income producing property that has long term leases and low turnover with “credit” tenants if possible.

A lot of these guru people that tell you to go in debt also have disclaimers in small fonts that also say “…these results are not typical.” There will be a few that do succeed and those few will be the featured guests- who are also compensated for their endorsement. Several of those same guru pitching their material have also been bankrupt but they do not tell you that, because you would then not buy their program because it did not work for them not does not work for most people. That is why they now “tell” you how to get rich, as they get paid- by you up front for their “knowledge” or technique. Many simply tell you what you want to hear, an easy way to get wealthy when in fact there is no such way or everybody would be doing it.

True, real estate is a good means to grow wealth but there are better ways to invest in real estate with less risk than leveraging your home thereby putting it, possibly your marriage and family at risk.