All Forum Posts by: Keith Mudiappa

@Brent Shields thank you for that. I appreciate your input. We definitely want to generate passive income.

The draw to it is the possible cash flow more than a conventional renter.

Are there steps you have taken that beginners like myself don’t think about when it comes to boosting your cash flow in your rental properties that has made you not consider AirBnb at all?

@Anthony Vicino Thank you for clarifying. 

We are looking at SFH and Multi-Family Units to begin with. What variables do banks look at to assess the financial position on a piece of property?

If you were in my position, what would be your first moves in Year # 1?

@Anthony Vicino thank you for your feedback.My goals areIn 10 years to have $15,000 passive incomeComing in every month.The next 12 months I want to buy 2 Real estate properties. One being the primary residence (Househack) and Other be either a secondary residence which i would be able to do AirBnb/short-term rental and turn into an investment property 12 months down the line. 

If you can clarify What are "Internal" numbers are that would be helpful. Thank you once again for your input. 

Thank you so much for your feedback @Simcha Davidman  It is definitelyVery helpful. It's crazy to think about Making that first deal but it all starts there. I appreciate your input Once again. 

Hello All —

I am really new into looking at real estate investing (Newbie). I only began a month ago and I am currently in the stage of educating myself before making any major moves.

I have three questions

The first question I have is at what point do you set up a business entity so that your rental properties can be couched within that entity?

I plan to make a purchase on a piece of property where I can begin by house hacking. This I see makes the most sense as my first step in getting into real estate investing. if you have a different suggestion I am open to it. My wife and I we are looking at purchasing a multi family unit over a single-family home. Again if you suggest otherwise I am open to considering it as well

The second question I have is Would My first purchase of Real Estate which I plan to House Hack/rent or AirBnb qualify as part of my rental property portfolio?

My third and final question is what percentage of your max loan approval (450K) would be wise to invest in your first rental property purchase?

Thank you once again for taking time to answer these questions. I truly appreciate the time, energy, effort and thought in helping me out.

Hello All —

I am really new into looking at real estate investing (Newbie). I only began a month ago and I am currently in the stage of educating myself before making any major moves.

I have three questions

The first question I have is at what point do you set up a business entity so that your rental properties can be couched within that entity?

I plan to make a purchase on a piece of property where I can begin by house hacking. This I see makes the most sense as my first step in getting into real estate investing.  if you have a different suggestion I am open to it.  My wife and I we are looking at purchasing a multi family unit over a single-family home. Again if you suggest otherwise I am open to considering it as well

The second question I have is Would My first purchase of Real Estate which I plan to House Hack/rent or AirBnb qualify as part of my rental property portfolio?

My third and final question is what percentage of your max loan approval (450K) would be wise to invest in your first rental property purchase? 

Thank you once again for taking time to answer these questions. I truly appreciate the time, energy, effort and thought in helping me out.



@Theresa Harris thank you for your feedback! Yes we are positioning ourselves to be able to buy a Duplex this year which we can also rent out and slowly build our rental properties as a result. 

It’s inspiring to hear and read about The people who are having great success in real estate currently. It’s a slow but consistent journey. I got to remind myself of that. 

Thank you again @Theresa Harris

@JoDell Walker thank you for your feedback. We definitely got a lot of learning to do. I agree that ought to be our first step in learning as much as we can. Thank you again for your inout

Hey All,

My wife and I want to start generating passive income via real-estate starting this year (2020)

We currently work for a non-profit organization. We have around 9K saved up and want to start investing it in real estate. We’ve cut cost where we are can and want to do so more as we comb through our budget. We have 750+ credit and pay our bills on time.

My question is what would you advise us to do our first year being in real estate investing?

We spoke to a financial advisor and he suggested us to invest it into a “secondary home” which would net 200-500/per month cash flow and also a “primary home (Duplex)” which we would have tenants that would pay for our mortgage, preferably to start generating passive income.

Any thoughts or input on this strategy?

Our long term vision (10yr plan) is to generate 15K passive income per month so that we can pursue what we really love doing, which is our current work in the nonprofit sector.

Anyways, hope this question wasn’t too long, but any thoughts or input would be greatly appreciated. Thanks.

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