If you want 4 to 6 homes paid off by retirement, it is a very achievable goal.

I want to achieve this without breaking the bank or even better, for free.

It is a great place to meet new friends and learn about various aspects of real estate and more.Read Beginner’s Guide to help you get started: http://www.biggerpockets.com/real-estate-investingI hope BP helps you achieve your goals!

I definitely don't want to tell you not to buy a house with only 7k because I don't believe in limiting other people's potential to achieve their goals.

For 25 years, Trevor McGregor has coached investors, entrepreneurs, business owners, and professionals shift from feeling worried, frustrated and overwhelmed to growing their confidence and achieving phenomenal levels of success.

@Lane Kawaoka did you achieve a certain number from a real estate standpoint

In my reading I came across a suggested strategy in which property is purchased by an individual, therefore qualifying for a conventional mortgage loan, and then transferred to a land trust, with the LLC named as beneficiary; in this way, the due on sale clause is not triggered, and the benefits of both privacy and asset protection can be achieved.

While we can argue about whether the tax code achieves these goals, the result of these goals has been a range of tax deductions and credits for investors.

I am fairly confident in that my conservative rental income projections (50k) at the current prices would get ~25% CoC, but what I am not sure of how achievable the max income is (70k based on my estimates).If the deal falls through due to financing, I would love hear your thoughts on my potential two creative options to the seller:1.

Has anyone ever achieved this?