Nashville is a fantastic market with strong rental demand and long-term growth potential.

Also keep in mind all those that equate this to buying a rental house are very focused on one thing and that is being a landlord and being landlord and buying rentals basically takes no special talent or knowledge other than basic math and ability to buy one.. 

NY Property Taxes, and utility expenses was one thing keeping us from generating a higher cash flow from rental properties.

What about evictions, 3, 5 months no rent then a rental turn, call it 10k total lose, for ONE prop, again negative cash flow.

I would want to target corporate rentals, travelers, students.

Invest in a rental property for long-term passive income?

Thus, they will contact every owner they can that has a rental being advertised, hoping the owner is tired and just wants to dump a headache of a property for 60-70% of market value.

I'm a new real estate investor and I recently picked up Brandon's book "Rental Property Investing"..

Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

Hello all! I'm Renee and I am a real estate investor and agent in greater Long Island NY area. I am also a project manager and a architectural designer for a real estate developer in NYC. I am a long-term investor wit...