Building a rental portfolio that replaces your income takes years and a lot of effort, this is especially true in our high price high interest rate market.You need to have at least a 10 year vision when buying real estate.

Great advice Bruce, Im going to steal this for some of our new agents :)And again reach out anytime Reagan.

https://www.nyc.gov/site/dep/environment/noise-code.page@Nathan Gesner is spot on.

She is an integral part of our construction business..

@Mike SferaThis is a great question and one I get from our client base often here in Memphis, TN.

While we've certainly goofed with some of our clients in the past, we try to prioritize providing clients with a great experience.

We are looking into getting a fixer upper and plan to rent out our original residence ( Zillow says we can get $2700 median rent in our area ) while moving and fixing up the new house.

Clearing potential building sites.  

For these reasons, we don't invest our emergency funds in anything that has volatility and we can't write a check against it the same day for an emergency.

With the purchase, the rehab, the closing costs and the holding costs (hard money, taxes, insurance, utilities) our all in is around $200,000, but we have created $40,000 in equity.