Thanks Gary, I actually lived in Chicago for a little over a year while finishing my LLM program and I still love the city even if the real estate prices made my chest hurt.I've definitely enjoyed the site so far, and I like the focus on realistic long term planning as opposed to a lot of "get rich quick" schemes and pitches.

Few make it overnight, RE is a get rich slowly business really, but you can gain a decent living quickly.

If one person discourages your method, chances are, someone else, somewhere is probably getting rich doing it.

I mean, didn't Rich Weese "publicly", on this forum somewhere, state he acquired his 1,000th rental?

Maybe that's looking at properties, researching comps, working with contractors or actually doing some of the work.Real estate is often thought of as a way to quick riches.

Bill Gulley Rich Weese weigh in please!!

Mark, I saw that you are a broker, again, welcome to BP.Rightly or not, I put much of the poor attitudes that often pop up here on the gurus, the spin and pie in the sky whiz bang methods of getting rich rather than approcahing RE as a profession, they beome "operators", most fail.

Your not gonna miss $5000 as much as someone would that makes $35,000/yr.I like neds point when you observe it as a long term approach, wheather it be a long term use or if it aids in a sale.Ryan Watson -- actually the IRS regulations were changed in 1986 I believe to specifically "keep down the rich man".

We are not looking to get rich quick our goal is to shift some of our savings into real estate investment, and from what we've discussed at this point we are looking to purchase and put a little bit of work into a property and follow the buy & hold/land lording method and eventually repeat this process to obtain multiple properties which we will maintenance and keep up with on a regular basis, years down the road we would not be opposed to selling these properties, we would like to re-invest whatever return we see in the near future into current or future real-estate investments.

We are not looking to get rich quick our goal is to shift some of our savings into real estate investment, and from what we've discussed at this point we are looking to purchase and put a little bit of work into a property and follow the buy & hold/land lording method and eventually repeat this process to obtain multiple properties which we will maintenance and keep up with on a regular basis, years down the road we would not be opposed to selling these properties, we would like to re-invest whatever return we see in the near future into current or future real-estate investments.