Steve's Wholesaling for Quick Cash 2.0 was a really good course and the audio CD's and DVD were a great supplement.

This type of sale allows them to get a lumpsum - perhaps to do all the trips on their bucket list - and then supplement their pensions which they may have started to receive 20 years or more ago and are no longer adequate for today's costs.Basically the purchase consists of two parts: a "bouquet" or an upfront lumpsum that may be anywhere from 15% to maybe 50% of the property value and a monthly or annual payment (called a rent) that continues until the owner dies.

My guess is you have not actually sat down and done the real math required or anticipated the headaches of being a landlord/investor.Assuming you are a hobby investor, you have surplus income to supplement your investment income monthly and you do not mind contributing cash monthly resulting in lowering your actual end profit who cares.It is a combination of investing and forced savings.

That unit brought us $600 and helped us with mortgage as well.After my wife passed way, back in early 2007, I went through some soul searching and decided to get involved in real estate even more, mainly as a supplemental retirement plan.

Supplemental heat is usually required especially in cold climates.So, check what is common in your area for homes in the price range of your subject property before you start adding features.

The hourly pay was good at the time with the stock upside.Flash forward today and as mentioned pretty much anyone good will not work at these places unless it is supplemental type income going through school or retired, temp gap until they land a contracting job again etc.  

If I died in a boat accident my income would be supplemented by all the rental properties we owned.Then I made just a simple spreadsheet in excel with cash flow amounts. 250, 300, 400 etc.

Hi @Trina Walker,I share your story, as I am also "50'ish" and I am getting into RE investing to supplement my retirement income, and to ensure that I have a more than sufficient padding, which will allow for travel, and the ability to build a financial legacy for my family as well.  

In my experience, and I'd admit I'm not the best investor out there, far from it, real estate is a nice supplemental income, but I don't see that as enough to quit a job.

But first a little bit about me I provide care for the elderly I absolutely love the field and giving back and all, however supplemental income is encouraging to any entry level employee I make 11.00hr.