I am about 30 episodes into the Podcasts and the information and insight I have gained from them has fueled my new passion and shown me a game plan for success!

In that case, the cheaper that you're into the game (per unit), the higher the profits. 

I am 23 years old and the past year I have been looking for something to invest in. I

And of course you should start building your credit.If you really like Real Estate, why not take some time and get a license, that may be the quickest way to get into the game. 

Hi William, thank you for the compliment but I am not sure it was me since I use a RE agent for the properties I am interested in. I

Then they plow the highly taxable business income into owning real estate assets which are separate of course from their sales company.So the money keeps flowing in and they locate awesome deals to partner on or hold the cash for when they find the right deal themselves.RESIDUALS is the name of the game.

I know that real estate is a game of opportunity, and the profit is made in the acquisition.

Most come through the door want to buy something for $50k and sell it for $100k and oh yeah they dont want to have to co any repairs and they want to finance it with 5% down or worse yet no money down seller financing because they read a book they bought off of late night tv.I wandered a bit there. short sales take longer than bank owned property and the negotiation is more convoluted. you can literally work on a short sale for 2 months only to have the bank foreclose anyhow. there really isnt much benefit to the seller consequently its hard to keep their head in the game when the going gets tough.  

The nice thing about buying a house you live in, is you can generally change/sell houses every two years and not have to recognize the gains for tax purposes and you can roll it into the next one. 

I am in the process of retiring form the land lording game so I only have about 8 of them left . and I self manage them. they were some of my very best rentals ever.