If they do miss something or don't measure properly, you and your contractor can file a supplement and the insurance company will pay the difference if there is documentation showing where the missed or unseen repairs are.

They are both just looking for s higher rate of return on there money to supplement there income.

I was planning on signing up for the city course first and supplementing with the other landlord course.

Understand your strengths (and your weaknesses) and focus on your strengths and supplement your weaknesses, and your RE business will get you to 30 units and maybe a lot more!

We were able to do this in just over 3 years from 2009 to 2012 (starting with next to no money in 2008).The income and formula was majorly supplemented by flipping properties and using the same buying model for rentals/flips.Some important things:- You should think about quitting your job earlier.

Drafting/consultation concerning operating agreement for LL entity7. drafting/negotiation of closing documents8. attendance at closing9. supplemental post-closing issues for three months following closingDoes not include: Title insurance, title report, closing costs of settlement agent, appraisal, survey.Any out of pocket costs (minimal) would be extra."

I found this forum about a week ago, and I've been reading through it every since.To give some quick background, I expect to have a small amount of cash ($50-60k after taxes) sometime this July, and plan on purchasing as many multiplexes as I can with leverage to create some supplemental income from rents.

I'm in the same boat as you, looking ways to supplement my income and get out of the race race.

Assuming no other options existed, once BK is discharged, begin drawing from 401-K, or from regular IRA created by a roll-over from 401-K, as needed to supplement SS income (assuming she has already quit her job).As alluded above, my bullet item 4 above may annoy some of my fellow investors and agents, but in the absence of more income, or willingness and ability from the kids involved, or other viable options, it is what it is.Best of luck to you and your Mom.

My question: can private money or hard money be used to supplement the capital I have to deploy for the down payment?