I've wanted to get into real estate for a long time but typically moving into that realm in a w2 position means a decent pay cut and probable loss of all the other good stuff.

Purchase price: $3,000,000 Cash invested: $67,000,000 Sale price: $87,500,000 We are purchasing a Distressed Office Building that is in Special Servicing (foreclosure) to convert to a Hotel.

@Kaiden Batzler Consider the long game when thinking about only putting down 3.5%.

However, I would like to see if I can get some positive cash flow. 

I think the market is great for low price point and subsequent cash flow.

I know of a company that went through a broker like this and the broker connected them with someone That ended up having a pretty bad history and the borrower wired millions after paperwork was signed for “prepaid interest reserve” and now, while they got the judgment, the money was sent overseas and it’s most likely long gone.

Real estate is one of the few investments that allows us to take today’s effort and turn it into long-term gains that can continue even when we're no longer actively working.That’s why I buy investment properties.

For me residential is less risky than commercial, commercial has longer term tenants in general which is a pro until the tenant moves out. 

Hello everyone,  long time reader and podcast listener, first time poster...  

And how long on average would you say it took you to become the owner and take possession of the properties (to flip or rent them I suppose) from the moment you purchased the debt?