Just because some random guy on the internet is scamming people for real estate multifamily courses, and looks successful doesn't mean you should hop into it with no experience.

It's amazing to see the next generation take an interest in building wealth and understanding the power of smart investments from such a young age.

I understand that a rental listing will not generate as much as a sale would, but I think a minimal standard should exist (especially since I plan to buy properties in the future).

To make sure the land/property generates some kind of income until then, we've tossed around land leasing for cattle or a glamping site.Advice needed:1.

Hi @Nitin Gove,I use QuickBooks for bookkeeping and generating monthly financials (Revenues, expenses, etc.).

This means if you win the auction (randomly decided from all people who bid 0%) You pay the property taxes and if the person redeems you just get your money back, make ZERO interest and return. 

Let’s say hypothetically the P/I is $8000, the property tax is $30,000 (divided into 4 payments), and insurance is $4000 (one time a year), and the expected random maintenance  is $2000 annually? 

You have to put in the work to ensure your asset is generating maximum revenue, and costing you the least amount in repair costs.

Regarding the first scenario, the sale of the rental properties should be generating 'passive income'.If you have passive losses in the current year or from a prior year, you should be able to offset it against the passive income.

Some of you guys think the rate is a random act of weather ?