Account Closed  Thanks Nick as always....Adam and I actually connected earlier in the week and his locations are tough for our coverage area!  

I am only looking to supplement my current income at this time.

The insurance is replacement coverage insurance for $93/month which is pretty cheap in Texas.

After listening to the BP podcasts and reading through these forums, I finally feel like I have found something to supplement my income.

After listening to the BP podcasts and reading through these forums, I finally feel like I have found something to supplement my income.

They have a handful of properties around Seattle suburbs and I know for a fact that none of them are covered for earthquake (in fact they are ineligible for coverage due to age).  

So with just $100K, you could put a down payment on three or four properties and keep a good chunk for reserves, let tenants pay down your mortgages and either keep the cash flow as supplemental income or devote it all to rapid pay down.

As oppose to stocks, I know if done right, REI can help bring in a supplemental income and provide financial freedom.

Real estate is a slow growth business and without a good secure job to supplement your investments you will struggle and probably fail.

We plan to insure the property under the LLC's name with a dwelling policy for replacement value, and $500,000 liability coverage, along with an umbrella policy in the LLC's name.