We are 25 minutes SE from downtown.

China, India, Africa, and SE Asia are growing as well but have a LONG way to go, and many problems to face along the way.

RE is not my full time gig.I feel I would have been taxed on the gain (if one had been made) as regular income (SE Tax plus regular income) but he says a gain on the property would have been taxed at Cap Gains rate.

I dont have a problem with the cost of repairs per se.

Please add me to your buyer's list and I'd love to add you to mine.Looking for 3/2/2, 70% LTV in SE Houston/Clear Lake areas.

Helps limit the SE liabilities.

, thats a tough question i ask myself every day. i am a 31 yr old husband and father of two who gets up and goes to a job every day to make other people wealthy. i am truly deep in the trenches of the "rat race" and it's killing me to see it every day. it also kills me to se everyone around me every day that is exactly where i am and they dont even know it, they're too busy worrying about vacation, 401k, house payments and all the toys they can get loans for. well i'm reading all i can get my hands on and cruising this as well as other forums all the time. i am determined to someday work for myself even if it's just enough to support my family. one thing that is lucky for me is that we are accustomed to living below our means, meaning we can get by on very little compared to others.i have absolutely !

Royersford is a little town not far from Valley Forge which is in SE PA about 20 miles from Philly.

Ill start with my current situation and mindsetIm 22, I bought my first investment property 10 months ago.A duplex in my hometown (spartanburg, sc) for 108,000I put 27,xxx down, and I currently owe 69k on it.So far I have been lucky, having 100% occupancy and only 300$ in repairs.It has generated a little over 250 dollars a month (I lose 95 a month having it managed by a company)What I have been doing is putting all of the profit towards the principle, plus adding any where from 500-1200 additional to the principal each month.My theory on this plan was hammer it, get it paid off, then buy another, do the same except id have all of the flow from the already payed off duplex on top of my additional principal payment.I was looking at having my current duplex paid off in about 3 years and 2-5 months (depending on occupancy) Now....I have done the math several times, and tried slight changes to my original line of thought and I get the same outcome every time.....It will take forever to get big returns paying them off in full one at a time.I think I was being overly safe.Rental property is what I want to focus on.I can see eventually getting into commercial property as well (still rental)Id like for some experienced people to advise me on different ways to go about this.Something id like some criticism on is what I've been thinking about latelt:Lower end properties.Im not sure if I could get a loan on 22k (for a duplex) but im going to find outBut from what I have been seing, if you can keep people in them, the yields are much better than what im getting on my 108000 investment (which if both sides are rented brings in 1100 dollars a month)The area that it is in is populated....its just....lower end property as stated aboveIm not sure what comes into play when you get in that area, and if that's where I should be looking to move to with my investments but that's why im asking(In theory I could put 25% down on a lot more 20k duplexes than 108000 duplexes, and the mortgage would be next to nothing if I could get a loan, one unit would cover the insurance and mortgage payment with ease)Wow, long first post, =PThanks in advance

There are ways to do it, but they are not easy, per se.