Im 25 years old and I am trying to generate Generational Wealth and brief others on the importance of financial freedom.

@Chris Bruneau my son is a financial advisor and he expects a market drop soon as it’s over valued. 

I recently graduated college and started my career as a mechanical engineer and have recently decided that while I love my job I don't want to work for the rest of my life, and real estate investing makes the most sense to me in order to gain financial freedom before I turn 60.I have been reading a ton of real estate books and discovered the bigger pockets book on rental property investing which gave me a great introduction to all the topics and possibilities in real estate.

Negotiate from a position of financial strength!

It worked for me and I’m doing better financially.

They don't have a plan, they don't have their financial affairs organized, they don't have their team assembled, they don't know what kinds of properties they want--that's right, they don't have their poop in a group.

I came across a property I found would work financially for only $28,000.

They don't have a plan, they don't have their financial affairs organized, they don't have their team assembled, they don't know what kinds of properties they want--that's right, they don't have their poop in a group.

If the interior condition is great, we could potentially get $150k (although this is unlikely).So for the financials, we've put in $60k originally + $11k for taxes and to make the first current.

Jeremiah, here's my advice in a five-year plan so A) is patience:Year 1) start a single-member home-business LLC for FREE using bank bonusesYear 1-2) build a 720-800 FICO for FREEYear 1-3) season the LLC for FREE and target a 80 PAYDEXYear 1-4) save some cash by cutting back for a few yearsYear 4) study 10,000 properties for FREE and build a teamYear 5) target a small starter commercial project (4 units or more)using the LLC PAYDEX and 800 FICO when it's a buyer's marketrelying on good financials for the property more than your job6) rinse and repeat and SKIP RESIDENTIAL!!!