Rhode Island - Starting Place

[Evan Smeenge]

Hello,

I am feeling a bit discouraged. I have heard a few different things to know before you start. Notwithstanding my wife not being fully on board, It seems that there is a very little amount of monthly income that comes with rental income, 500 a month per house on average for a triplex? I guess my question is how accurate is that? What is the real benefit of focusing all my efforts on rentals instead of other possible passive income paths (if there are any). 

What are you experiences in monthly income per house, including mortgage.

I have ambition to succeed in real estate, my goal is to feel financially free for traveling, children, my wife's career ambitions, and many other reasons. I just need help.

Thanks

[Brian White]

I think Anthony hit it right on the head.  buy and hold is a get rich slowly scheme.  I believe it's a solid one, but your mileage may vary.  I find that people think flipping is a get rich quick option.  In my experience it's also a get rich slow program that takes more work than most folks understand.  Everyone has heard of "someone" that keeps hitting home runs and plays golf all day.  I have not.  I have however met a lot of folks that have a very flexible schedule and a lot of responsibility that work in Real Estate, but they all work more than they golf.