Overall, it can be a profitable business, but most people get into it to become an investor and 99 percent fail right away because they don't know the slightest thing about repair costs, talking to sellers, and are only in it for the money and not to help people.

They can be profitable but they can also be a PITA.

Just like you, she can do RE as a side gig and learn a lot more while she keeps her own nest egg going and her lendability strong with a regular job.You should loop her into a major document with all of the properties and all of the profit and loss and go through them one by one and talk about whether to sell or keep, and also base it on geography for her and your collective choice of management.

Purchase price: $189,000 Cash invested: $15,000 Welcome to the crown jewel of Center City, Philadelphia—a standout property in my investment portfolio that perfectly combines elegance, location, and profitability.

I started off profiting $1500/month as soon as I bought the houses (all within 2 or 3 years ago) vs only $300/month with normal rentals that rent to a family.

Sell After RenovatingRenovate and sell the property before you leave to potentially make a lump sum profit, especially if market conditions are likely to improve.5.

They take the lion's share of the profit from the ignorant deal-finders.

For instance, having a network of experienced investors can help you navigate challenges and identify profitable opportunities more quickly.Another consideration is the potential benefits of passive income.

- Many flippers cut corners to boost their profits.4) Why are you worried about renovation percentages, when most already done?

The system I use for cash management is called "Profit First".