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Updated about 9 years ago,
Best way to cash flow
Currently own 3 properties, 2 rentals and 1 primary residence. I live in expensive area with high taxes in NJ. I out very little down on these properties and the rentals cash flow a tiny bit, but I bought them mostly for long term appreciation.
At this point, my focus is to build cash flow. Ideally I would like $100,000 in cash flow (net profit) within 10 years or less.
I have about $25k and looking for my next investment, but not sure what to do. Have considered Turnkey with reputable company or considering other options, such as a 203K investment loan on a distressed property.
I have a full time sales job with about 10-15 hours to spare each week. Also have a real estate license in referral status.
Any ideas?