It is called "tenants in common" and allows a lower price point for first time home buyers alongside huge profits for sellers.

Build your local network of contractors, lenders, agents, etc.I have bought education, and I will continue to do so, but I do that along side the organic learning here on BP and through my own practice.good luck!

Once I do we'll work on finding a few units and I'll do the RE thing as well to bring in extra cash flow along side our full time work.   

Currently reading through " How to Invest in Real Estate" for the second time and writing down every question that comes to my mind and taking notes of many other things.I am looking forward to making this journey alongside all of you.JJ

I will be working a full-time job alongside running the LLC, so I will have two different sources of income.I understand the LLC serves as a pass-through entity and therefore all distributions are taxed at the individual level on my 1040. 

Feel free to browse the site www.alabamarentalmanagers.com  I work alongside other licensed professionals and RE investors and have the luxury of knowing the market inside and out.  

I'll be sure to read the link when I get home tonight.I'm currently going to work alongside a investor friendly real estate agent for my first few flips, but I do plan on getting my real estate license by the time I'm 23 so I can have access to mls and be able to market my own properties to cut out their 6% commission.Within the next few months I should have enough capital of 150k to invest with and I plan on buying my first flip house with cash instead of getting a loan from a bank so I can eliminate their interest fees.

Essentially, I have built a property management business alongside my portfolio.You don't have to follow my footsteps exactly or even closely.

One way or another, a person has to have a place to live and if they don't want to live with someone else, they'll find ways to afford their housing along with school debt - which alongside medical debt is likely to be the last debt people pay in my opinion outside of housing and utilities.Basically, what I'm getting at is, if people have to choose between paying their rent and living alone or deferring school debt, they'll defer the school debt.  

I've found it to be a great resource for information (I enjoy reading the various articles each week) as well as networking (I've met several fellow investors and even a couple mortgage brokers through the site).I invest alongside you in Dupage County (both rehabs and rentals), so if you ever want to grab lunch and talk shop, just shoot me a message.