Public speaking scares the heck out of most people, but it you have the guts to step out of your comfort zone, it can and will make you wealthy.

Suggestion:- 30% down on purchase/renovation costs (minimum)- 8.5 - 9.5% interest rate- 15 year am"It's just like a contractor doing a job.I can go out and find someone quick to paint my apartment unit for 500 OR I can take some time to find a painter that I can get to work for 75.00 a unit that does a good job.I believe finance is the same way in that there is a bunch of money wanting to lend at rates and conditions that are not attractive to a buyer.So you have to find a lender willing to take less than the majority so you have an advantage.A question I have thought about is would you target one really wealthy investor or a bunch of smaller loan investors??

I've spoken to a couple of lawyers here in Florida and I've been told the way the veil gets pierced here is either through committing fraud or commingling of funds.I agree that an LLC (rather than other types of entities) seems to be the best option for rental properties for most people, although apparently some wealthy people use various types of trust arrangements.

It's a tool that the wealthy use to create a legacy for their families future.

Thank you Chris, I do see the value of skin in the game from both sides of the spectrumThat makes it seem impossible to get into a large income producing apartment complex unless your already wealthy.

New officers could liquidate corporate assets: this depends on who has the power to take what actions in the corporation.Being wealthy (and having enough assets that are worthy of jumping through large hoops to protect) does not necessarily mean owning lots of things.

I'm 39 and work in the financial profession managing investment portfolios for wealthy individuals, trusts, pensions, etc.For quite a while, I have been interested in purchasing multi-unit properties for long-term hold.

Well from talking to the seller he is pretty wealthy he currently owns a convenient store and he wants to sell everything and move to costa rico where he can get 10% on his CDs.

It wasn't all plain sailing I have had my share of headaches but if you stick at it long enough the capital appreciation will make you wealthy.

In general I think one should decrease their leverage ratio as they age and become more wealthy.