Man, I know tons of rich military guys... young and old.

 

I've bought three houses. All cash deals.

I'm 27. The first one I made a bundle on the rest have been easy.

It wasn't that hard.

 

what do you do? man thats alot of money and you are 27? please PM me with how you sucess Please ~ thanks

 

Mortgage.....sometimes it sucks...but equity is the most important thing when trying to get ahead financially

 

+1

 

Awesome, Keep that up and you will be able to retire early.

-Nate

 

He probably flips houses. It's not hard, but you have to be comitted. And learn a lot about real estate to hedge against mistakes.

 

You have to be very savvy or you can lose you A$$!

-Nate

 

Own an expensive townhouse here in NJ...$330k...but I'm at 50% loan-to-value now! Looking forward to no mortgage someday...I'm thinking of moving elsewhere sometime (somewhere cheaper) and having no mortgage.

Till then...

 

Indeed, i'll prob stay on campus in the dorms for one more year after next semester. It's cheaper and soo easy to get to class, 5 minute skateboard anywhere on campus

 

You have a nice car for a college student!

-Nate

 

Ill be 37 on the 26th, bougth the house new 15 years ago, its been paid off for 3 years now.
03 evo paid off
03 odyssey paid off
81 toyota corolla paid off
02 yamaha FZ1-1000 paid off
03 yamaha zuma paid off
67 mustang paid off
now! there are some credit cards.......... buahrrrrrrrrrrrr

 

I bought the first one at auction. It was a big risk that paid off very well. Estate sale so the owners didn't care what it went for(all the proceeds went for medical expenses of the deceased)

I know old houses. I know what costs and what doesn't. Where a coat of paint will do and where it won't. I fixxed it up for six months and sold it.

The next ones have been A: Where I live and B an investment property I wanted to rent I have fixxed up and have sold again.

Flipper types and thier easy access to rediculous amounts of cash have murdered the real estate market for guys like me who used to come in with cash offers for "distressed" properties.

Real estate is to risky now. Wait until the banks start to tighten up. Prices will fall and margins will once again fatten up.

Even better I am looking forward to buying houses from the Flippers that they got stuck with after reading "real estate rich's" and other such books.

Forclosures will be rampant. They will have to go bankrupt and will be under the new law. It'll be a good time to own apartments in 5 years. Life sucks when you can't get any credit for 10 years.

 

Sounds like you are well versed in the art of making money from properties. I want to get further envolved at a later date. For now a single home is cool.

-Nate

 

Only if you're not careful. If you're rsik averse just assign contracts-your name will never show up on title. Anyone can learn. I learned and am still learning. Took about a year to fully wrap my head around it.