One of them started at the age of 18 and is still selling today at age 40.

Is it out of your job, vacation fund, retirement money added to a 401k, taking care of aging parents....You determine what the goal is and the answer will become crystal clear. 

Account ClosedIf he already has SD IRA he should be able to contribute but will be limited by new contribution of $5,500 per year as I mentioned above.

By far the Houston markets (League City, Katy, Texas City, and Pearland) has the strongest population growth. and job growth out all the markets mentioned above.

@Stas Solomon How funny you should mention him!

Hey all, I listen to the podcast pretty frequently and thought I'd check out the community.I am new to real estate investing, but I did manage to buy 118 acres in Oregon last year at the age of 25.

@Jacke DraperRegardless of your age, you may not transact with your plan in any direct or indirect fashion. 

I do agree it sounds like a scam especially if they use the words "too good to be true" but what's the harm in seeing if they are legit like some of the people have mentioned on this thread?

Since you didn't mention, I'll remind that you have to be a licensed real estate broker to do it and have an insurance, which is more complicated than your regular E&O insurance.This is a tough business and if you're doing just your properties, like 10-15, I'd really first thought it through before starting managing others in big volumes.

As @David Thompson mentioned, it is likely that the investor did a syndication or at least a partnership to qualify for that first building.