Operating in the Luxury SpaceWe focus on properties in the $1.4 million to $1.9 million purchase price range, which allows us to sell finished projects in the $2.5 million to $3 million range.

What you need to learn in your 20s is how professional business works, how to manage people and projects, how to run an organization and how to sell ideas and concepts.

@Karen Margrave Im still interested in coming to the meetups that you were organizing.

Does the operational company already exist and have income history?

They can help you organize your finances and create a sound investment plan.Key Questions to Answer: What are your long-term financial goals?

I’m still working toward my first deal too, but I’ve been learning that tracking maintenance and expenses is all about staying organized from the start. 

How do you plan to operate it?

You can build your own team i.e. title co, insurance, pm, contractors, handyman,process server, lender etc.... or you can find an operator who can get you going in that market while simultaneously building out your team.Section 8 housing is a great way to ensure consistency with rent payments however not all tenant who have HCV pay 0%.

Then you specialize or hire legal, operations, finance, investor relationships, concept, deal analysis, Which investment level your at determines what experience you need.  

I operate 14 properties from the same checking account.