The Real Estate one is definitely one on my list I actually just finished reading the Business of the 21st Century!

Recently, I had the opportunity to step in and finish up a rehab that was long overdue.

He just finished his last job and he is refusing to leave the property and is squatting stating that I will have to evict him. 

New building costs are roughly $150/sqft in philly depending on finishes but that’s new construction.

I have done this and it does make the mortgage attainment easy as they rely on the JV partner.

The 'upsides' for purposes of analyzing this deal are:  1) one of the 1-bedroom units has potential to become a 2-bedroom;  2) basement is finished and can be made into 5th unit;  3) some of the existing tenants are paying below market rents

My buddy just approached me with an offer to invest with him in buying foreclosures, he is a GC and he has done house flipping before, he wants me to invest 30K-50K of my own money and use it to get a 6 month rehab loan from a hard money lender at a little over 11% interest, after the House was finished we would split 50/50, he would also add me to his LLC that we would use for that future buy, the reason I’m thinking about investing Is bc I own my own business which will bring 200K this year in gross profits, the down side of my business is that I work 12 hour a day 5 days a week, and I feel that I’m slowly burning out.

Once I have finished all the interior unit doors over a week or two, I then do the exterior doors.

Ironically, it can be difficult to obtain loans for a property as an agent because lenders are leery of the self-employed with commission income, however, if you finish college, get a good W2 job, and have decent credit, lenders will line up to give you money, assuming that you are going into a field that is in demand.I admire you wanting to start investing at a young age, I wish I would have started investing in real estate in my early twenties instead of misspending my youth on debauchery.

Also I just finished this book (Audible) and found it very informative: Loopholes of Real Estate - Secrets of Successful Real Estate Investing (Rich Dad Advisors)By: Garrett Sutton, Robert Kiyosaki (foreword)Best