At minimum, I simply want a few income generating (ie high cashflow) properties to supplement my life and to hand to my kids to supplement their income when I am gone.

When I first got out of school I rented a studio from a man who supplemented his salaried job by buying and fixing up real estate.

Looking for any supplemental templates as well as I believe you need something for contributing the property, successor nominee, etc.File Archive appears to have one example for a separate state.

I also like to supplement the SOL with a bill of sale.  

So it may be a blessing in disguise, but wanted to check with the brain trust.I'm more leaning towards letting it be as the supplemental insurance would be an additional hit and as much as I'd like the extra 40K of spending power, I wasn't sure if it was worth it to add the supplemental insurance on top of the already expensive flood insurance.Thanks!!

Report a deduction for PMI premiums on line 9 of Schedule E (Form 1040), Supplemental Income and Loss.Hope that helps.Ed

I recently started thinking about using rental properties to supplement my income and eventually lead to something I could do full time.I recently moved to the Fort Worth area and while doing research I found an article that said Fort Worth and Dallas were 2 of the top 10 markets for REI.

Hi I am hoping to get some tips for just getting started.A few years ago I was all set to get started with some flipping maybe renting.Just as I was about to start our financial situation changed drastically.My wife had to take a much smaller salary and I was hit with a ton of medical bills.So we went from looking to invest to living paycheck to paycheck.We have burned through all our savings just to stay afloat and things are going to get desperate soon.So I am hoping I can get started now before it’s too late.So I have been reading up and looking for options.Any tips or suggestions for someone in my situation to get started in the real estate game here in NJ would be greatly appreciated.Any wholesalers out there that can walk a first timer through would be cool.I have a partner who is less desperate then I am and maybe some investors if the deal looks good.Between the two of us we are acquainted with a lot of carpenters, painters, roofers and other home repair guys who would give us great deals.Plus we are both very handy and usually do all our own work for our homes.Hoping to make a move and supplement our incomes before getting too buried in credit card debt.Any tips would be awesome thanks.

Hi I am hoping to get some tips for just getting started.A few years ago I was all set to get started with some flipping maybe renting.Just as I was about to start our financial situation changed drastically.My wife had to take a much smaller salary and I was hit with a ton of medical bills.So we went from looking to invest to living paycheck to paycheck.We have burned through all our savings just to stay afloat and things are going to get desperate soon.So I am hoping I can get started now before it’s too late.So I have been reading up and looking for options.Any tips or suggestions for someone in my situation to get started in the real estate game here in NJ would be greatly appreciated.Any wholesalers out there that can walk a first timer through would be cool.I have a partner who is less desperate then I am and maybe some investors if the deal looks good.Between the two of us we are acquainted with a lot of carpenters, painters, roofers and other home repair guys who would give us great deals.Plus we are both very handy and usually do all our own work for our homes.Hoping to make a move and supplement our incomes before getting too buried in credit card debt.Any tips would be awesome thanks.

I've been doing a lot of reading to get more familiar with terms such as wholesaling, hard money lenders and other concepts so any book recommendations that can supplement the the information I get from here would be appreciated!