(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.

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.

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.

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

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.

What constitutes a good location in Kansas would be totally different then NYC.We can assume, a locations proximity to TRAFFIC, either pass by or generated by location would be key.

During this time you are not generating any return from the money invested in the ADU.

Pace is building and nurturing all aspects of the Creative Finance REI ecosystem, but he’s also building the next generation within the community.