Account Closed , care to share with the class any mistakes or lessons learned from the last year?

In a word, the wealthy aren't any more charitable than the rest of the population, and I doubt they are more likely to spend money that they don't *have* to, on average, than other classes.

I am now wondering if I should take some classes at a real estate school instead.

@Sam Leon - it seems from reading this that you may be confusing a couple of different types of self directed 401k's. 1) Solo 401k -- around $500 to set up and $150-200/year 2) Rollover as Business Startup (ROBS) - $3,000 to $5,000 to set up and $500-$1,000/year You would use (1) if you are going to invest in rentals, notes, and making non-profit sharing loans (e.g. just interest and points), or if investing in other traditional asset classes such as stocks, bonds, funds, ETFs, etc.

I took the following notes in a commercial class I took: "You don’t know the cap rate.

welcome Account ClosedI'm in Chicago and I'm not sure the rules of Milwaukee but if there is a class take it.

You can deny any applicant for any reason, as long as it is not a protected class.

Don't worry about taking the boring classes and becoming an agent right now...unless you have a strong desire to do so.

Thus I have some extremely good tenants, college educated, with great jobs.Ok this current deal is a triplex in the C class area of town.

@Chris Adams This house is right next to two sorority houses and gets perpetually handed down to the next class.