To align with community property laws and avoid legal or financial complications, consider forming a jointly owned LLC with your wife as a member.

On top of that, our STR management company now oversees more than 90 listings under the Cozy Co-Host banner.My wife and I have transitioned from the typical 9-to-5 grind to achieving financial freedom as business owners and real estate investors.

Just curious as I have no idea who they are so I can’t comment on them but wanted to check in to make sure people do more than just a google review and have done thorough research.Great post earlier today about the dos and fonts an investor had and lessons learned.

•Would the $70K+ cash from flipping significantly impact your financial situation right now?

We bought for $379,000 3 years ago and I could sell it today if we wanted for $475,000.

If your priority is building wealth sustainably and positioning yourself for long-term financial independence, I’d strongly recommend considering properties like duplexes, triplexes, or even quadplexes.

The price was low in 2014, today that same price is riduculously low, and the buyers in 2014 improved the property tremendously and recently re-sold for $230,000, good for them! 

I'm also an IU grad and hit financial independence last year (after 18 years of investing and saving).

If you buy a median priced home in Detroit today ($90,000) and have to put $10,000 - $15,000 into a rehab, you may not cash flow.

Hi Henry I'm actually in escrow in a 95 unit in Missouri and today is the last day of due diligence.