If you want to get into real estate investing, consider REI Nation.

This would be in central Jersey which is still a hot market as a result of record low inventory.I am planning to do this strategy since I want to put low money down (10%) on a construction loan and achieve a quick build to lower my holding fees. 

This still goes back to what I stated previously about the two buckets for passive and active income.

Spend more than half of your total working hours in an RE business in which you materially participate.2.

In terms of using BP - I highly recommend setting up some "keywords" in your settings so that you can get alerted to discussions that talk about "CPA" "Bookkeeper" or "Bookkeeping" and related terms!

For calculating IRR, use the total cost of acquisition—this would be the mortgage balance plus the 50% buyout equity and any closing costs.Regarding refinancing, assuming the loan under the Garn-St.

These are the types of properties I'm now targeting.I'd imagine the biggest challenge you'll run into is finding multi unit properties.

This is all in comparison to places in the Midwest, which appreciates slower but is better for cash flow.

This strategy could give you steady cash flow while avoiding some of the volatility that can come with Airbnb.

If for some reason they can't get this sorted out by the next payment date, you should figure out how to physically escrow that payment somewhere...this at least protects your payment until you're confident who it is supposed to go to in the future.