In my opinion, if my kids haven't purchased their first property by the time they're 18, I'm not doing a very good job of teaching them how to invest (likewise if they haven't started at least a couple businesses by that time).Hopefully they'll have the money from the businesses to be able to afford the real estate, but if not, I'll be happy to supply it.As Jeffrey said, this is how the rich stay rich -- they don't have to pass the money down, but certainly need to instill the right mindset in their children and if that means helping out when the kids are young, so be it.My hope is that my kids will be more skilled at investing by the time they're 25 than I'll ever be (perhaps that's not saying much :)...

I don't think having a job is a bad thing especially if you can learn a skill.

The problem with investing in rentals is the avergage person does not: a) have the time to manage and care for the property, b) have the skill or experience necessary to manage or care for the property, or c) does not have the incentive to overcome a and b.As others have suggested, when utilizing a management company the time required from you will ultimately be very low.I would carefully consider the following before you go forward. 1.

My wife speaks Mandarin Chinese and it has helped several times.If you lack certain skills it can be helpful to surround yourself with others that can help in these areas.

For those who aren't skilled investors, diversification is an amazing tool.

I see that you are pretty skilled in the art of RE and I really would like some pointers.

I would love to take on an investor to go larger since I have the time and the skill set to repair homes, just lack on the financials.

I have no idea what kind of experience you have, perhaps you have the skills and some business sense you can even create your own work (your own business).It just seems that you need to a look at where you want to be in the next several years, what is important to you, what excites you and then do everything in your power to make it happen.

Lucky for Trig he's a baby and is mentally handicapped so he doesn't understand the viscous attacks orchestrated against him by the classy, educated, sophisticated opposition.Seriously, what person with skills good enough to be president would put up with this kind of trash "journalism"?

He also needs to be skilled and working.