This is why it is easier to become wealthy in the US than to just be average.

Your assets, how wealthy are you?

I should be so much further along in life than I am now, I've had a low 6 figure paying job in IT since I was 20' and up until last year, didn't utilize my checking account and was basically living pay check to pay check, with nothing to show for it now but being in debt with a couple cars and a bunch of useless things I do not need.I decided for my 25th birthday in a couple months, i want to start building wealth, i want to be able to by my 26th birthday have one or 2 properties that i've either bought to hold, or flipped... havent decided which is better for me yet, I'm still doing research but I am giving myself an action date of my birthday in a couple months so I'm not struck with analysis paralysis and time to save some money.I plan on attending the next meetings for all of the Maryland/DC area REIC meetings, and being active on forums, but will try not to be annoying and ask a bunch of questions instead of using the search function...I know how annoying that is hahaHope to get to know and work with a lot of you

You'll surely need some wealthy private lenders...Kudos,Mary

Me and my wife just had our first baby about 4 months ago, and if I learned anything from growing up, not in a super wealthy home, but a comfortable one, it was that I would have always rather had more quality "dad-time" than money, or toys, a nice house, or whatever else.

If you are independently wealthy and just looking for a place to put your cash, then it may work for you. 

HR states the House was taxing the wealthy with vacation homes but glad that the Senate stripped that provision because the income level of sales of second homes the prior year was only only in the $80k's.

I plan on purchasing an investment property by the end of the year, my plan is to buy and hold the property for long term wealth. I

I dont have wealthy friends or family. 

These areas are highly desirable and tend to attract wealthy residents who can afford to overpay to live in a prime location.