The more money you make early in your career, the faster you can grow your real estate empire.

Most of the Central Valley and the Inland Empire are also affordable, at least by comparison.

This is about a 6 hour drive inland from Seattle, and an investment can go a lot further in markets like this one.  

If you want to build up your "empire" quicker - work, contribute to your household / marriage and your "side gig" will build up far faster and your marriage just may last.....I'm guessing you don't have the wherewithal to do a typical 9-5 W-2 job and if that's the case just take that 7k a month and contribute it ALL to the house. 

Charles, I wanted to clarify, I didn't mean you were stupid, I meant paying an attorney that much money to set up a land trust would be stupid and for an attorney to charge that much is stupid. although I don't believe in land trusts for what you are talking about doing, I didn't want you think I was calling you stupid

Inland Empire, Palm Desert and maybe Vegas are on our list so far...We're going to buy and hold the property.

.,)And if you do splurge on the 2015 after building your rehab empire it may just inspire a tenant to look into land lording as well!

No matter what niche you are in, you need some of the other niche players to continue to expand your real estate empire.

The way Ethan is describing building value through CAP rates and NOI is like the banks and they are the one's who will ultimately value the property with the loan amount they give.I used to get fed up with LA real estate and my conclusion was to invest out of state... but there's a lot of up and coming area's withing LA County that are gentrifying as well as surrounding markets like the inland empire.  

A huge freeway project is about to start in Kramer Junction and I'm interested in investing in land but not sure if it's a good investment choice.