My current plan is to generate lists using PropStream, skip trace them, and upload them into our CRM (Resimpli), which we’ll use to execute direct mail and cold calling campaigns.

Then find a new spouse and continue doing it, or retire with all your wealth-generating assets.

(These averages represent state-level data, and individual cities may levy additional taxes.)To achieve the same level of cash flow as a property in Nevada, you would need to generate a higher cash flow in Texas to offset the higher operating costs.

My end goal is to have multiple properties that generate income through long term rentals.

There are a lot of note buyers out there in the secondary market that like owner generated paper.. if you buy cheap enough you can still do very well with the higher returns those investor expect.I help my land flippers I fund do the same thing even today.. 

You can start learning the ropes of real estate investing and begin generating some cash flow.- With $50K to $60K, you can find a decent LTR property, but make sure to do thorough analysis on the property's potential for cash flow and appreciation.- LTR properties often have more stable income streams, but they might not offer the same level of cash flow as a well-managed STR.

But how much do you need to invest in real estate and generate steady passive income?

I 100,000% would recommend this program to anyone who is interested in the BRRRR strategy and wants to make moves in building generational wealth.

Attend local REI (Real Estate Investor) meetups and consider joining online communities like Bigger Pockets for continuous learning.Step 2: Be Strategic About WholesalingWholesaling can be a great way to generate capital, but it’s essential to fully understand the legal and logistical intricacies.

My main plan to use real estate for is to eventually generate passive income.