Hi Everyone,I have an investment property generating 1.7k per month at a 2.5 rate which I plan to keep forever.

Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.

to help track leads, notes  re conversations with sellers, generate reminders every NNN (30 days) that you need to re connect a batch of leads.   

If it didn’t take a long time to generate that cash(1 year or less), I would consider doing syndication and wait and see how it went, while continuing to educate myself on local market conditions for an investment property.

He explained that since my loans were fairly low interest like yours that the money could be better deployed elsewhere to generate a higher than 5% return I was getting by paying off the loan early.

Hello all, new investor here! I am working on rehabbing some smaller cottages in northern Michigan, the plan is to put them all on the STR market once they are complete.  It seems to me sites like AirDNA and other rev...

The investors that I work with are people who are keeping their jobs or careers, and investing in real estate to grow generational wealth.  

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

Thanks for posting however your video is essentially an advertisement for Bright Investor doing exactly what I did to generate my findings.  

If you’re aiming for growth, house hacking by building the 5-bedroom home could generate strong rental income and increase the property’s value long-term.