The biggest lesson, which I learned early on: get clear on the type of property you want to buy, then tell everyone over and over again.

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

They are a great way to learn the day to day of the PM world. 

Be very careful with this as a first time project! 

Going through my real estate journey I have learned a lot, I am 24, a veteran and a graduate from Temple University,I started with aspirations of investing on a property and making a quick flip.My problem lied with fear of failing, my capital and my savings.I decided I wanted to learn the real estate market and know the ins and outs before I would make a bold choice on buying my first real estate home.

I won’t be responding to this non-sense anymore. 

This also leads owners to ASSUME simpler is better when it comes to management contracts.

The information contained in this post is not to be relied upon.

Glad to have you as a part of this awesome community, Chandler! 

Skipping Toy Shop SchoolTo open a shop, you need to learn the rules, take a class, pass a test, and even keep learning as new toy trends pop up.