It’s stepping over dollars to pick up nickels.

He can choose of his own or her own free will to simply pick up the shovel and move the pile of dirt from one place to another but they will not do it if no one pays him or her.We cannot do what we do without someone paying us for the very same reason.

This might be related to not picking the right list, your not having realistic expectations, your not having a compelling pitch, or some combination thereof.Don't assume, for example, that just because someone is an "absentee owner" they'll sell you their house for 30% below market value just because you sent them a "I buy houses" letter/postcard.Bottom line, there is a lot more to it then the list.

Management is impossible to select until you have picked and vetted a firm- while it is an operating expense, you're likely going to pay from GOI...so assume closer to 12% NOIYour vacancy is pretty low, but it's all relative here...I would at least set aside 1-2 months gross rent for an unexpected turnoverIf you can insure a 4-unit property for $150/mo. you have an awesome agentAssuming 50% of your income will go to OpEX is pointless.

Hello Edgardo, and congratulations on picking this industry as your "side hustle".

They don't pick up the phone.

So pick a niche that you like and then go backwards in time to determine what would you need to have in place to buy such RE property.

What to pick comes down to your individual situation.

You could pick a fund that might diversify you into a couple hundred properties across the country.

Hello again BP membersI have recently discovered how to pick up not so bad REO SFR’s to flip and rent out (or flip and sale .. not my thing though) with basically using the brrrr methodMy question is more of which is better scenario to be inif to pay down my primary residence and then have (easy numbers) 100k available in HELOC moneyOr have 100k cash money laying thereAnd then after having such funds available (easy theoretical numbers)Go out and Find a REO SFR for 50k Needs 25k in repairsAppraises and ARV comes back at 100kAnd will rent out for 1400-1200 a monthCash out finance 75k (75% LTV)Pay back your self or helocAnd repeat process overNow my immediate goal is to reach 15k PASSIVE income but i want opinions on how to get there faster and with this idea i have seen a few examples of in older threads but not alotThanks in advance!