So I found some people that want to invest in Real-Estate with me. I've decided to actually get out and do it after reading book after book and watching other people succeed. It's my turn to do it.
My first investment is looking like it will be a 6 unit property which consists of 3 duplexes. If the deal goes through like I'm hoping, I should be able to pay off my car and my wife's car and still make money off the rental income after paying the mortgage on the property. Even better is if I have trouble finding someone to rent the units, i will be able to afford the payment after paying off my car (my car payment is higher than the mortgage payment). I'll have to see how it works out for us.