Let's take a look at the definition of passive income.Investopedia's definition of passive income is "Earnings an individual derives from a rental property, limited partnership or other enterprise in which he or she is not materially involved."

I have a question for Derreck, I am aware of the lead paint law for Mass as I was told about it by Enterprise Bank when I was talking with them about the lead paint, but do you know if that is a requirement for NH?

-dealing with the new federal and state laws (CFPB, SAFE Act, TILA, RESPA, Dodd Frank, etc)-planning and expanding your business-start by being a technician; then move to manager, then move to entrepreneur (delegating and motivating); The entrepreneur works at the enterprise level, the manager at the business level, and the technician at the practice level. 

I see most are new here, welcome, I've missed that with many of you before.Let's define our loans, by "conventional" we are speaking of the secondary market, Government Sponsored Enterprises or "GSE" mortgages. 

My goal is to create a real estate enterprise for passive cash flow and long term retirement. * this forum/podcast/blog is awesome.

Spring Valley, Enterprise, NW Vegas, Henderson areas.

This personal investment could come through a friendship ("I like you and want you to succeed"), through a common business enterprise ("We work for the same company and I want this company to succeed") or even something less tangible ("You remind me of my son and it makes me feel good to help you").- A coach charges money -- this isn't to say that the coach doesn't have some vested interest in seeing you succeed (regardless of the continued payments), but it likely means that the coach makes some/all of his living doing this and can't afford to just give away his time.- There is absolutely nothing wrong with either model, assuming you get at least as much as you pay for (if you pay more than the value you get, then there's an issue).

Congrats Josh, quite an accomplishment.Will BarnardBarnard Enterprises, Inc.

Part of what you're going to be selling to the bank is your ability to operate this enterprise profitably, since they do not want to be the proud owners of a multi-family outfit in short order. 

I've seen many people advise investors to get the deed, when doing a short sale, and then get a POA from the seller - that would describe this 'The tactics, he said, allegedly included manipulating the homeowners to sign over ownership and control of the property to the enterprise.