Bonneville CountyAverage Purchase Price: $380,000Average Rental Price (3-bed home): $1,700/monthKey Highlights:Home to Idaho Falls, a regional economic hub.Diverse economy with strong healthcare, education, and energy sectors.Steady population growth and increasing rental demand.5.

You could still do that if the money you invest by taking cash out generates higher returns than you are paying.2.

Some ideas we had were:- daycare - gym- breweryBasically the people that are renting it now are leaving and we want to put something there that can generate more cash flow.

I am a 4th generation real estate investor and still learning! 

I'm looking to get financial and time freedom and make a better life for me and my family with generational wealth. 

Quote from @Eric Justice: People buying a property in all cash can help future generations.

However, we do not want the tenant to pay for the electricity that we use.I contacted Edison and the County to see if we could install an additional electric pole to have a separate meter, but they said it is not allowed to have more than one pole for our property.I found a sub-meter on Amazon, and I wonder if it is allowed to install one on the electric pole, so our tenant can see how much energy we have used.

But with 4 kids in their teens/twenties now, seems like that money would be far better used if one of them has entrepenurial ideas (and energy and time). 

Sponsor is Jeff Greenberg, owner of Heritage Group Capital, 3rd generation CRE, at first did multi-family in New Jersey, now diversified.

Hi Andrew - I use Reliant Energy (https://www.reliant.com) for the rental portfolio I own and the rentals I manage for others.You can ask Reliant for a month-to-month contract, instead of a 1 year contract.