Real estate is, as I like to say, a get rich slow scheme.

This is probably not the last law they will pass to marginalize the "rich landlords" in the pacific NW.

Since we've gotten serious a few weeks ago, I've pored over Rich Dad books, Morris Invests' YouTube videos, Podcasts, and of course the BP forums and Webinars.

I'm open to suggestions on beginner books to start on (just finished Rich Dad Poor Dad) and anything I can do to get started now (house hacking isn't an option for me).

@Rich FerradinoThe starting issue is whether your deal qualifies as capital investment or as a development business.

@Rich O'Neill Hi!

I’ve been doing this for a little over 2 years now closed on my 4 th property yesterday and 5th today, today I closed on my first off market deal.Like you I’ve gone to several meetups I feel some beginners see REI as a get rich quick investment.

I said you move to Charleston and I will put you into business.So I had my GC who I can trust 1000% and 30 some new builds later and still ascending here we are.and now he has 7 of his own houses going.. so not only has he done great for me he has established himself as a local premier builder in the area.. but again we are just small potato's in that market there are plenty of really big players there.. we are just doing these little infills.. so as it relates to private equity and building its pretty cool.Someone from out of Area who does not have a Troy like I do could easily end up like Nick the first guy I funded there lose money hand over fist.. but again Nick is rich water off a ducks back for him.. but it got me the beach head.

One year ago, I dedicated myself to lifelong health and wealth which resulted in successfully saving 25% of my income, my first stint in investing, a body transformation, and led me to recently read Rich Dad, Poor Dad. 

Land rich and cash poor.