I have been investing in apartment buildings for many years now and working with investors from across the country, as well.
I have met would-be apartment investors from all walks of life - from mechanics to engineers to doctors.
They all have one thing in common: they are ready to get started investing in apartments and build real wealth for themselves.
I am guessing because you are reading this, you are one of these people too.
If you are ready to leave the Dilbert Cube or wherever you work by investing in apartments, just read on! Question #1.
How hard is it to get started? Answer: I will be right up front with you - it is going to take a lot of work to get started from scratch.
I was a prison guard when I got started in the business, so I had no previous knowledge in the real estate world.
Let's say I have taken my fair share of the school of hard knocks.
Begin by investing in your education.
Keep you day job - whatever that may be - and begin working in your off hours on your apartment investing education.
Get some courses, get through the information, attend some live seminars, and then start small.
Take action, and continue taking action as you learn more about the business.
Question #2.
How fast can I create an income stream and leave my job? Answer: I get this one a lot.
#1 - you need to be realistic with your investment objectives.
You will likely not leave your job in a year unless you have a huge windfall of money come your way.
Let's be honest - this is a business - and like any other business or investment venture - it takes time to build things up.
If you remain focused, you can build enough income over time to leave your job.
Again, it is going to take some diligence, some grit and determination, and plain hard work on your part.
There is no getting around it.
Question #3.
Do I need to save up a large down payment to get started? Answer: No.
There are many ways to get started in this business with low or no money down out of pocket.
However - beware.
Do not chase the no money down deals because most of them, quite frankly, stink.
I made this mistake when I first got started, and I have seen many others make the same mistake over the years.
Focus on getting your finances in order as much as possible, building some sort of down payment, and again, starting small.
The main thing is to not just start with one duplex for example, and stop.
But keep going.
No one struck it rich off a single duplex that I am aware of - so it is built over time with multiple properties.
No real secret other than to keep moving forward toward your goals.