I am a 20 year old kid who wants to own at least 50 properties one day but I know that I need to start out small and slow.

I'm putting money away each month for our little ones, and I judged the 529 to be a good vehicle to earn market returns without tax on reinvested dividends or capital gains taxes on earnings at withdrawal.

If the agent calls me (they are usually slow to follow up) I will make a reasonable offer subject to inspection and a study period.Everything is negotiable - CONTROL IS KING - learn how to control real estate - it is a short cut to cash flow -  it is the best way I know of assigning properties.Who controls real estate - An agent with a listing agreement (treat them well - they are in control for a period of time)An accepted option agreementA buyer with an accepted contract of sale with contingencieshttp://www.realtor.com/realestateandhomes-detail/M...Charles

@Jason Jones  If your calculation is accurate, you would lose $35k in taxes and penalty just by withdrawing from your 401k, before you make any money from the investment.

This is a market-specific approach, so if RE in your area is slow/average then you may not be able to wait.

Chances are that any tax saving you may realize from your rental property investment won't come close to offsetting the income tax and the 10% penalty you will  pay on the 401K withdrawal.

Its a business negotiation , nothing is written in stone . but its the law of supply and demand . if everybody is busy , you will pay more , slow , you have more negotiating power .  

Tried to invest in a property and they will quick to withdraw $7K.

Do this for a few months – you may want to take a real estate course to get your license – Attend REIA's – BUT do not trust the sales pitches you will hear – I don’t think you should spend your money on those programs – if you want to spend some money – get a mentor –The candidate for your mentor should be financial successful – in many phases of making money in real estate; auctions, tax sales, lead generations, contract engineering, assignments as well as the many creative clauses’ used to buy real estate.I think you will do well – take it slow and easy – don’t be influenced by big talkers – counsel with spouse – create credit lines – be ready with a form packets of contracts – assignment forms – notes – disclosures and blank checks – study and learn from others ------ AND HAVE FUN – your journey to a better income and more of what you want out of life is exciting and profitable.

After looking at her website it looks like she is more of a owner occupant type realtor.I have found a couple of properties that I have missed out on because my realtor was slow to respond.