I also believe that real estate is the best opportunity today to be on the road to riches.

The deals were:The Condo - Lead was given to me by our very own Will Barnard and I used Rich and Will's funding for the double close.The Junker - A really bad house which I whole-taled to an investor/homeowner.

@Rich Hupper D&B has been not very good at doing my updates either. 

You can also hit the mega-lotto and become rich beyond your wildest dreams.

EVERY socialist government in history has had an ubber rich upper class.

Thats funny Ted, I was thinking the same thing.I think (judging from the topic title) thatr Willis is talking about renting to others as an investment, not deciding between renting or buying.so I was thinking I would be better off renting my first property and taking advantage of the tax credit The only tax credit that could come from renting is renting to others as teh owner and claiming the depreciation deduction.That said, the answer to your question is it depends on yoru goals, availability of time, and your knowledge of both strategies.Having one rental will certainly not make you rich or support you from an income standpoint and neither will one flip, however, getting the first one under your belt is a start in the right direction.

I became interested in real estate when I read Robert Kiyosaki's book Rich Dad Poor Dad.

Rich

Rich in cancun.

I have a brother who is general contractor for 10 years, and it never occurred to us that we could became rich by buying/fixing/selling/renting houses.