One day when I was 16 my mother gave me a book called Rich Dad Poor Dad for teens.

It's not as "sexy" to own a bunch of condos compared to a 10+ unit building.3.

To cut your own aggravation over dealing with a teen,you might want to think about having a carrot and a road map to increase the likely hood he will follow through and that you won't have to nag him to follow through.The carrot, maybe something he likes, or thinks is adult-like, such an afternoon at the driving range and lunch out somewhere he chooses for the two of you.The road map, a (short) bulleted list of say 3 books (maybe eBooks he can read on his phone)A test to ensure he has read them by pretending you have not read them yet, and have him "Teach You" what was in the books before he can earn the carrots.And if it were me I'd start with Rich Dad Poor Dad as number 1.Good Luck!

The Springs is hot right now that being said its no Denver and I don't think it will be anytime soon its just not a sexy town.

So while I may not be able to answer some of your questions, I am of the mindset that it is never too late for one to do anything.I first discovered real estate through the Rich Dad Poor Dad series in my late teens.

Investing is not sexy, and it ain't free.

The 100% truth is that is sucks WAY more to be old and poor than when you are just in your teens or twenties.Good luck to you!

Go for broke is sexy on TV and movies, it's not ideal when you have four kids, and a partner who is starting up her own business at the same time, relying on you. 2 - Knowledge.

Also you are assuming zero rent increase and zero appreciation in your calculation.A more in depth analysis, you'd probably find an IRR in the mid teens pretty easily for your provided example.

We manage over 400 single family homes and 55% of our owners do not live locally.I think the key to buying a out of town home or I guess the new sexy term is "Turn Key" basically I am assuming that means the investor doesn't need to do anything and the on the ground team handles everything.