To me cashflow is important to cover unexpected expenses but I buy for wealth creation and tax benefit, not to supplement my income.

"FEMA announced that federal disaster assistance is available to the state of North Carolina to supplement recovery efforts in the areas affected by Tropical Storm Helene from Sept. 25, 2024, and continuing." 

On another 10-unit mixed-use property in a nearby coastal town, we carry hurricane and earthquake insurance, in addition to O&L (ordinance & law) supplemental coverage.

We believe it it very valuable for protection, legacy planning, education planning, long-term care perhaps, and as a supplement to our investment portfolio.  

To supplement my down payment, I have secured $50k via gift and inheritance.

@Dan N.These types of strategies is like building a conveyer belt between your home and your neighbors in order to borrow sugar from your neighbor instead of just walking there, knocking on the door and ask for sugar.Making these overly complex strategies for real estate really adds zero benefit and just costs you extra money in the long run.May I ask why you need such a complex structure ?

For the last 1/2 year I have been full time on the real estate and working part time as supplemental income.

After well over 1000 houses it’s proved it’s worth.BUT if you think sugar coating will work sprinkle sugar all over the conversation. certainly nicey nice communication and unabashed laughter will get you elected but it won’t buy many houses. our product is money and we best not forget that. there’s a power exchange happening in every conversation and the one who blinks first fails unless winning isn’t important.  

Short term I’d like to do a few more deals on the side to supplement my income. 

One thing I am seeing a lot of is sugar-coating and hopeful optimism on the part of GPs and lenders—and that’s my takeaway from your notes on this CEO call.