For instance, when I younger my dad opened a credit card in my name but piggybacking his credit score.

Pooling money to buy real estate or securities are obviously regulated buy security bodies, but what about pooling money to buy goods on wholesale (for instance, widgets).

Time is the more valuable asset.I for one will take wealthy & anonymous over rich & famous any day :)

For instance one of my clients I brokered a 82 unit class B property in Portland Oregon 11 years ago.. he paid 5 million cash rolling out of a 1031.. he hired professional institutional grade management who manages the onsite manager... he comes to PDX 1 a year walks around the project for an hour or so. other wise its simply reading reports.. these type of properties are investments and minimal work on the owners part just like reading your brokerage statements.stand alone SFR's in different markets will have different levels of involvement.. really depends on price point and quality of tenant.. and of course you not getting snookered on the front end pay way too much for a property that was suppose to be rehabbed but the rehab is shoddy etc. then you have the low end stuff and that I can flat guarantee you is not a passive investment and not suitable for anyone that does not live and manage them themselves.. ( personal opionion shared by many though)What I see happening in this arena is many who have owned rentals no matter what class etc.. they tend to migrate into buying notes...

I agree with @Brian Lacey and I have a little more to add to it.San Diego is America's Finest City, yet there quite a few cities that I don't think come close to having as much to offer, yet they have much higher real estate prices, for instance: Seattle, Boulder, CO., LA, and of course San Francisco and the outlying areas of it.  

For instance you can find a lender who will take 75% of your rental income minus the PITI and use that income in your favor.

In that instance, the borrower needs a policy for a vacant and unoccupied house (more expensive than builders risk).

Interesting, I never would of thought Arnold made his first million in real estate I would of figured he started investing after he became famous like most celebs do.

For instance, I have a small business that I have set up as an LLC and made a Sub S-Election, this allows me to write off the expenses associated with running my business--i.e.

You're welcome.School education or time spent on the degree can be considered employment history if the work obtained is in a related field or in the similar line of work so its very possible if they were for instance studying accounting and got a job in finance to use that salary (must be full time salary) to qualify even though they are freshly on the job.If There is enough equity in the property, a salary job within the same field, a documentation of 2 year history of school int he similar field, and a qualifying credit score then you could refinance out into conventional and remove FHA monthly MI completely at that point.So the income gap or equation can be a lot easier to bridge that many would think even in this scenario where the borrower just started their job for 1 month.