This will only happen at the rate that these properties are needed to soak up additional demand as it will hopefully be created over time.Feel free to connect any time..Abraham.

My properties are within 10 minutes of my house and I think it would be real tough if I could not get to them when emergencies occur or repairs are needed.I would love to hear ideas from others, though, about how you can take seed money such as you have and make a career in NJ real estate. 

There's likely already a thread (or eight) about any query you might have, but you can always start one of your own if you don't see the exact info you need.It sounds like you're still in that heady research phase, where it all sounds amazing and fun, so soak it all in!

Lots of great information to soak up on BP though while we are waiting!

A distribution of that magnitude will automatically put you in the very highest tax bracket on the 401k distribution as well as any other income you had that year.I would propose that someone who used a self-directed retirement plan and invested the full amount of their available capital in a successful manner as you have would produce 1.5 – 1.8 times the net wealth, simply because they start with a larger amount of seed capital.By not giving up a big chunk in taxes on the front end, they could potentially purchase two condos instead of one, or have more equity in that first property so that when they upgrade to the next level, they would perhaps to go 16+ doors as opposed to your 12.The use of a 1031 exchange is a valuable tool in real estate, but the fees for each such transaction are as much or more as the cost to establish a self-directed IRA with checkbook control or a Solo 401k.

Gives me a little more inspiration and just another reason for why I want to become active within this area of REI, as I'm only 19, I am still trying to soak up as much information as I could before getting into phase one.  

I am currently trying to soak in as much information as I can, certainly before diving in.

Looks like you have very good seed money, but quite honestly not enough for $100K a month to materialize.

Trying to soak up as much information as possible.

I've reached a point in my life now that I feel comfortable enough to start investing and am currently soaking up everything I can learn from investing.