Hi everyone,I’m seeking advice on the best strategy to achieve a goal of $5,000/month in passive or active income starting with $200,000.I’m currently considering Texas, but I’m open to other states if they offer better opportunities.

This is a fine needle to thread because at this size, you very quickly start competing with high net worth individuals who are seeking summer homes. 

Readers should seek professional advice.

The key is to standardize property quality and management systems, which would appeal to buyers seeking scale.If you’re thinking long-term, holding these properties for cash flow while leveraging local appreciation is also a strong play.

Now we are dealing with having to file 3 years of returns for Portland, and the penalties and interest are very high.

Happy New Year, everyone!
I wanted to get your input on a potential investment opportunity I've come across in San Antonio, TX. It's a multifamily property in a good neighborhood with three units and a total of four ...

You're taking a great first step by joining this group and seeking guidance.

Both of our employers now offer roth 401k contributions instead (with matching going into regular 401ks), and I may take advantage of that too, but another small hit to cash flow.At some point, do you just suck it up and take a 10% penalty?

If you're strictly seeking off-market deals, I recommend connecting with and working with a reliable/resourceful wholesaler instead of a real estate agent.

If you're not sure about your contractual rights and obligations, seek legal counsel.