I'm in the military, so we have dreams of renting this place out when I get transferred, buying a new one, and so on.In my perfect fantasy world, this method could yield me 3-4 nice single family homes by my mid 30s (in 10 yrs), a good passive income stream by my mid 40s (20 yrs), and a solid retirement foundation for 55+.I have a ton of research to do and this site looks awesome.

To summarize the call report (run using 9 months of 2013):Number of institutions reporting 5937YTD Total Interest Income is 322,614,882,000YTD "Other noninterest income" is 78,975,123,000Based on the numbers, I'd guess that Rent and other income from Real Estate Owned is a significant operational income stream for banks.

I work full time in IT but would like to build a real estate portfolio as a separate income stream in order to retire in 15 years or so.Looks like some great information on the site and would like to learn what I can before jumping into the real estate business.

Add the fact that you can take streams of income from funds that build tax deferred (and you can access tax free if you do it right) this can be a powerful rival for the IRA option.

Being forward, this is my first post on Biggerpockets, and yes, I do work for Meridian, as our Key Accounts Manager.Biggerpockets has become a fantastic forum for investors, vendors and turnkey operators, so I thought I could use this stream to help clarify some of the concerns mentioned about programs like ours.For some context, I actually came to Meridian as an internet lead turned investor over 4 years ago and liked their business model so much, I came to work for them.The program we offer is actually a Rental Warranty, not a guarantee, which is a big difference.

Can you imagine getting a house sub2, unselling it - or even lease optioning it - with a promise that your people will own it someday - and the transfer get unwound in the BK - you got yourself in a mess that will cost you more blood, sweat and tears to fix - ALWAYS stay away from a sub2 with a potentially BK borrower.OK, now all that stuff - not until after the gavel goes down at the Courthouse steps does the bank "own" the house.

We were going to both invest $50k and split 50/50 on the profits on that triplex, which would have brought us both about $300-$400 / mo profit after costs.I want to trust him, but I also want to safeguard against anything going wrong.My goals are to simply buy property, both Multi-Family Units and SFR's, and create a passive income stream to help me with my goals of going back to school and creating something bigger with my life.Any advice is greatly appreciated!

I then put 3 1/2 years of blood, sweat and tears into it and completely remodeled it inside and out.

Usually flood zone boundaries and or elevations are altered due to new construction in the area, which may be alterations to the stream upstream (i.e. building higher dikes, etc.), widening the stream below you are two such examples.

Vincent Polisi, I just finished setting up my Biggerpockets account in my ongoing endeavor to become a Virtual Real Estate Investor and create multiple streams of Internet income.