It wasn’t just about the property—it was about the lessons she was teaching her kids along the way.During the drive, she shared valuable insights with them:• How real estate can generate income.• Why patience and hard work are critical to success.• How to think creatively about building wealth.Once at the property, the kids explored, asked questions, and saw firsthand how opportunities are created through smart investing.Involving children in real estate teaches them:• Financial literacy in a hands-on way.• Entrepreneurial thinking and problem-solving skills.• The confidence to believe they can achieve financial independence.It’s amazing how small moments like these can inspire the next generation to think bigger and dream bolder.How are you involving your family in your real estate journey?

Make sure the property’s rental income will cover these costs.

My debt on this home will show, but so will the rental income from it.

Make a spreadsheet with current income and expenses and then figure out how long until rent surpasses expenses.

The DSCR loan is a great tool because it's looking at the income potential of the property, not just your personal finances.

But we had four kids, a hubby who was a car guy and needed a shop or big garages, and a limited income.

Modernize upstairs units for rental income and update as needed.

Their income comes from buying, selling, and holding real estate over the long term. 

For instance, FHA guidelines are very strict and restrictive when it comes to using departing-residence rental income to qualify for a new FHA loan (such as the 100-mile rule).

Were incomes and employment verified?