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What I said was that 1/2 of Americans don't even pay taxes so there's no way those people are worried about their portfolio of investments of any kind.
Also, if you have 6 figures of liquidity you can absolutely invest in real estate, just not in your market. You could buy an entire block in Detroit for $100k.
And then the natives would just screw me over because it would be impossible to manage from that distance especially in a bad neighborhood.
My husband did it the smart way. He went to a community college and got his Associates degree. He then did a paid internship at an engineering firm. He proved himself and they hired him on doing simple AutoCAD for not much money. He continued to prove himself and they sent him back to school fully paid by them to get his Mechanical Engineering degree. He has now been with that company for almost 18 years and makes well over $100K.
That's about the same as what my dad did. He was recruited by KAPL/G.E. before he even finished his Associate's in 1960. In the late 1960's he started going to night school and got his ME degree in 1975. He retired in 2005 after 45-1/2 years at the same company. If he paid for that second degree he didn't pay very much, because he took advantage of the GI Bill, having been in the Army from 1962 to 1965. His employer paid some of it, too.
Life should be as difficult as can be! We should do nothing with our lives but be a slave for a company that'd replace you in a heartbeat. It's all the employees fault and not the greedy CEOs at all. The peasants without college degrees and those who wish to have a enjoying life beside being a workaholic should just go into a ditch and die.
And then the natives would just screw me over because it would be impossible to manage from that distance especially in a bad neighborhood.
There's a guy on YouTube that has a channel managing properties from absentee investors (many outside of the country) doing exactly that and if people were getting screwed he wouldn't have been doing it for about the last 10 years. He has hundreds, if not thousands, of videos.
The Shae Show...
You could also move there. Being priced out of the market you're in doesn't mean that an hour outside Detroit in a nice neighbor you couldn't have a nice little place AND income properties if you desired. 0 houses to like 3 or 4 in a few weeks...
That is also not the only real estate investment opportunity in the world. There are plenty of fish in the sea...
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