My father even brought me along to ask for private money lending at peoples homes. 005 bought my first home in Louisiana, turned into a rental and moved to Fort Worth Texas and bought my first brand new duplex in 2008.Educated myself and bought real estate investment courses and settled on Armando Montelongo‘s flip this house completed that course and bought my first 2 fix and flip in 2009 sold one in 2009I did not farewell during the housing market crash, simultaneously lost my job due to the Event Horizon oilfield disaster.My lovely wife and I now purchase real estate in San Jose Del Cabo Mexico with our cash and build with our money as well.

Investment options DSCR is on the higher end more attractive because it requires (No income) no job, no paystubs.

Great job!

You may see electrical outlets that do not work, extension cords running across the home, wires hanging from ceiling electrical outlets, and other obviously “amateur-style” repair jobs—all of which are red flags.Pro tip: Remember that it is often wise to hire a professional electrician when dealing with repairs.7.

If you’re chasing ski resorts for some kind of cashflow pipe dream you’re in the wrong state.

I would find a market with good median rents, and low home costs, and a location that has some indicators that would support future price growth (pop growth, job growth, large businesses/employers moving there).

Your job is to bring the conversation back to the current, real-world numbers—actual income, actual expenses, and actual cash flow.

With that being said, most of the people in my immediate network who are in the construction business say the most valuable skill is just being able to run a team and a job efficiently and if they could start over they would go the GC route.

Great job.

Suburban areas and smaller cities have seen a rise in demand, making them prime locations for mid-term rentals.Flexibility Preference: More renters seek flexible housing options as job mobility increases.