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25 July 2018 | 7 replies
Does that not now qualify as a steady income stream?
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13 July 2018 | 33 replies
There are pros and cons in my opinion:Pros of many cheaper house:1. easier to buy2. higher rent to priceCons of many cheaper houses:1. less reliable tenant (damaging houses/less reliable income stream).
20 July 2018 | 8 replies
I own an e commerce company and my wife stays home so I figure I could use my expertise and her time, plus my fathers mls capabilities to continue the revenue stream and grow it.
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7 August 2018 | 14 replies
Advertise rental through several streams (craigslist, sign, word of mouth, Zillow, potentially an agent depending on response rate)2. sign up for a background check service to check on prospective tenants3. cursory review of applicants4. submit a scaled-down list to background service and follow up on any referrals for potentials5.
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8 September 2018 | 16 replies
While some contractors work on a 1099 basis, I worked as a W-2 for safe harbor reasons (the IRS has vague rules about who is a contractor and who is an employee -- picking the wrong one can get expensive for the parties involved when the IRS disagrees with your choice).I also had to learn how to live on a lumpy income stream as a contractor (if the agency didn't have a project for me to work on [no "billable hours"], I didn't get a paycheck).
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25 August 2018 | 12 replies
This reminds me of the movie Shawshank Redemption where the guard it mad that he is inheriting $50K because he'll have to pay taxes.
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21 July 2018 | 17 replies
The goals that I hope to achieve through real estate investing are: 1) to provide a cash flow stream for my mother as she gets older and requires assisted living or nursing home facilities, 2) provide a cash flow stream for my younger brother (who has Down's Syndrome) as he gets older and requires assisted living facilities and increased medical attention, and 3) provide a means of early retirement for me and my older brother.While listening to BP podcast #276 (my favorite) the other morning, I had that lightbulb moment of how to get started in real estate investing.
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19 July 2018 | 5 replies
I do not want or need to take any of the eventual rental income today, I'd like to continue to reinvest it to produce an income stream for retirement.
10 August 2018 | 22 replies
If I were to do it again from the beginning I would have bought 10 Four-plexes so that I could have 40 doors = 40 income streams all with 30 year fixed residential loan rates.
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20 July 2018 | 1 reply
I’m wondering, as a brand new agent, could learning this be a revenue stream.