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In and around the Inland Empire of Southern California, currently in Rancho Cucamonga.

I currently have enough money to pay down 65% of a California townhome I plan to live in, but that money could easily buy several investment properites in other parts of the country.

My uncle is a real estate agent who owns a property management company. He told me if I decided to buy property in his area he could put me in contact with a birddog and set me up with some nice investment property.

My question is, should I go ahead and pay down my house or buy rental property and let that pay my mortgage?

I read through about 75% of it as well as half of his other book the Millionaire Real Estate Agent and the first half of both books is near identical; it's the motivational information the previous poster hit upon.

The second half of the book is more about building a successful real estate company than being a successful real estate investor. Such as surrounding yourself with the right people for advice (hmm odd I thought that's why I was reading the book).

If you want to build a successful business, it's a good read, if you're looking for step by step tips on buying that first rental property, look elsewhere.

I saw the thread the General Real Estate area asking what 100k would buy in your city and I kinda laughed. I knew all the SoCal investors would have cynical responses.

But after reading about affordable real estate is elsewhere, I wanted to know how risky it would be to own rental property in other parts of the country while living in a location that isn't nearby.

Another investing n00b here.

My question is, if someone like myself has found what we feel to be a reasonable investment property, how long would we have to do all the necessary research before someone more experienced comes in and steals it right from under us?

I know the question is rather subjective but basically is there a way to research the property and at the same time fend off other potential buyers?