This investor has supplemental income from passive investments that can be larger than their full-time ordinary income (a.k.a. the much-sought-after-but-rarely-achieved “financial freedom”).

Plus over $1M in real estate equity that provides $3500/mo rental income (which pays my $3200/mo mortgage), plus a decent-but-declining income that will be supplemented by $2500/mo Social Security in a few months.

Except heat pumps are not good under about 18 degrees, they need a separate 50A circuit for supplemental heat strips.But that's what I did for my own home after checking the math between propane and electric prices during the winter.It depends a lot on the different fuel prices during the winter in each area too....

I'm retired and looking for income supplement.

Usually starting with a subscription database, like the MLS, realist, auditor database query and supplemented with internet research and personal interviews.Now, if there are truly no sales, then you need to have the valuation skills to use outside data for sales analysis, income analysis, and/or depreciated cost analysis.

Through a refinance or supplemental loan, you would receive a portion of your initial investment back, while still cash flowing as if the entire amount were still invested.Phase #4 – HoldThe next phase constitutes holding the asset while collecting cash-on-cash returns (aka, cash flow).

You're currently $500 below market which is $6,000 a year you're giving this stranger to supplement his lifestyle instead of supporting your family. 

Simply put, Umbrella Insurance supplements your base coverage.

If you current savings are not enough.A side hustle is great source of income as others mentioned.But You can also potentially buy a property out of state for much cheaper that can generate cash flow.This can supplement your income and hep you save faster.

Deb, no, I'm not planning to draw from it in the immediate future, just wanted to have it available if I need to supplement my cash savings for a down payment.