I know lots of fat rich guys.

Anyways, I digressRight before my mom past, she said " READ RICH DAD POOR DAD, BUT ignore the financing part!

Like many other people, I was first inspired to study real estate investing when I listened to the Rich Dad Poor Dad audiobook by Robert Kiyosaki.

I appreciate your enthusiasm, and it's great that you are getting involved in RE at a young age, but you need to be realistic and understand that real estate investing is not a get rich quick scheme, it is a slow (but reliable) way to attain wealth over time.

He has spent the last year within the Rich Dad consulting program.  

I don't have any "get rich quick" aspirations.

Florida another etc.the key is to have your transactional funding set up buy the thing then resell it. and or if its OK to blast out on the internet a house for sale you don't own then try that. with the huge amount of info at one's finger tips and with the guru's pitching this get rich with none of your own money and what certain folks pitch here on BP you now have many more folks out there trying to do the same thing.. many with no experience many with no morals or ethics and consumers are getting hurt.. when that happens they complain and when they complain the states start taking a look..

It seems that a lot of them end up in a "one day, I'll be rich" scenario of waiting out the mortgage before they really have solid usable income from the rent checks.

But that's what is happening with RE these days there is this thought that you can become rich and independent buying it... nothing can be farther from the truth unless you buckle down and get into it full time.. creating commission income to support you why you invest. this allows you to take all the write off's etc.But to each his own.. the last thing I would do if I was in this persons shoes is spend all my liquidity on an ill liguid asset that is half way across the country that will never be worth more than I paid for it and my performace is subject to some team I have to put together. the reality if somoen rolled into town and said I am going to buy 100 units and I want you to manage them all that's one thing.. some investor who can buy one 30k house.. how much can you realistically do for that person..

I respect a husband/father who provides stability for his family over someone who may strike it rich but also may strike out and put his family at risk.The only thing I would recommend is that you 1st invest in your roth IRA (since you don't have a job yet), 2nd into your 401k up to company match, and 3rd into real estate.