Then when the time comes I have money for down payments and mortgage payments.From what I have been seeing is instead of banking up that 200-300k taking about 5 years to get there, I can just soak up a bunch of knowledge and experience for a year or two and get money from the bank and rent out houses and flip them, which would save me from working my but off in sales just for that 60-100k job.I currently have 0 debt and about 2 years of credit history, 750 credit score, and 5k saved up at the moment, I had to pay for 2 years of college that sort of took most of the money I have been making.I have been reading articles online and such but my question is, what kind of books/podcasts should I be reading or listending to in order to broaden my horizon on REI and renting out RE?

If the majority feels there are greater issues on the horizon, what are we personally doing to be part of the solution?

While this reply is to an old post, Timing is Everything...The future is being unleashed in the Antelope Valley, and the City of Palmdale is leading the way in many of the exciting and impactful changes on the horizon.   

Goals:Build a RE portfolio to supplement my retirement income (20-year horizon).

I began with a time horizon of 7 years.

Sounds like the longest time horizon I could expect for a hard money loan is 2 years?

Also, in both assets are long term holds (10-20 year time horizon)Scenario 1 - For a newly purchased apartment building. 

I understanding starting locally, paying your land lord dues and making your bones in areas close to home from a logistics point of view... but after you've done a few, is it wise to continue in a less efficient area or expand your horizons to better investment arenas?

However, I also agree with Martin you have to have a long term horizon unless you’re getting a really good price upfront.

Read or heard it was changed, or they were thinking of changing it, to a prorated basis where you were to pay according to a proportion of years rented and years lived in.Another question: If someone 1031's a place then is there a time limit the new property needs to be a rental before it can be lived in and converted via 2 year time horizon, into a residence and becoming eligible for tax exemption.