All Forum Posts by: Ed Schell

Correct me if I'm wrong

Thanks for all the support guys (thank god I know how to use the @) thanks Raymond B. . ... I'm actually currently about half way through the rich dad real estate investing book. When I'm finished with that I'll definitely check out some of the other ones on your list Vincent Grant . The thing is with the whole becoming a plumber or an electrician thing is, is that I feel that would make more sense if I was trying to get into flipping.which im not. From what I hear flipping is very time consuming if u choose to do it yourself. With the properties in my price range I probably wouldn't even be able to afford to pay someone (especially in this market) is there any way I can gain experience in buying and holding rental properties in my scenario? Thanks so much for the great responses

thanks @Aaron Montague 

I've done a lot of research on Buying and holding and that is probably my "favorite" strategy. Real estate is just way to expensive in Jersey for me to be buying any property with what I have. So maybe I could buy something in a really cheap market like Florida? Or possibly REITS? My dad is on board with me trying to invest so everything would be going through him.

I live in the NJ are and am currently a Junior in high school(16yrs). I've always planned on investing in real estate in the future but I'm getting sick of waiting so I was wondering if there would be anyway for me to start now. I have about 3400 saved up, 2400 of that is for my car but I would be willing to invest it if the situation is good. So how would be the best way to start in my price range?

What are the advantages in living in one of your units on a multi family property. I know about the obvious (not paying for other means of living and easier to manage) but what are the other advantages? I think I remember someone mention something about lower taxes and such.... Answers are greatly appreciated

What are the advantages in living in one of your units on a multi family property. I know about the obvious (not paying for other means of living and easier to manage) but what are the other advantages? I think I remember someone mention something about lower taxes and such.... Answers are greatly appreciated

Ok thanks

With management in place is it difficult?

I want to purchase a multi family around 60 units and rent it out on my own

How hard is it to own multi family properties that are out of your state if you are new to investing and you have a full time job? What would I need to do?