My wife and I are looking to expand our current residual income with buy and hold deals.  

My goal is by the age of 30 to be living rent free in one of my units, with enough residual income that i can do my electrical work as a "fun" job, instead of relying on it to support me.

Perhaps a broker that wants a 2% fee and 1 point monthly residual.

When the music stops, you're hoping that there is a chair to sit in (loan payoff or fully leased project).I'm not in equity at the moment, but if I were I'd focus more on projects with higher current returns and less residual value.  

I see there is old glue residue on the basement floor.

Right now my top options are to hold it and pay it off for residual income or sell it and use the equity to go towards a flip.

I had no knowledge of passive or residual income until my mid 30's.

I've seen so many newbie investors end up buying land that is unbuildable only to have sell it later at a steep discount once they realize they can't even afford to keep up with the taxes needed to keep the land.For future readers, one common way to evaluate and price land is through the Land Residual Method, which is pretty much a simply formula:Land Value = Developed Value (highest and best use after development) - Cost of DevelopmentIt requires a little work on the agent's part to dig into what the costs and potential developed value will be, but I wouldn't consider it rocket science.

I often wonder if they were ever affected by the 'bomb' chemical residues as they apparently never bothered to steam clean the carpets or even have the vents cleaned.I recently saw the home again after the current owner gutted the lathe & plaster to upgrade the insulation, electrical etc.

Hello all,I joined BP not too long ago and have been reading posts trying to learn as much as possible.My goal is to buy and hold investment properties and create residual cash flow.