If it’s doable financially I’d recommend the duplex.

If two funds need money for litigation support, that seems telling on the current financial condition.

With that in mind, I’m considering purchasing four rental units over the next four years to build a stream of income that could help supplement my retirement by age 68.The challenge I’m facing is that the deals I’ve come across so far don’t make financial sense.

A couple of things I like to tell my newbies-Owning a short-term rental property can offer significant financial benefits.

What financial targets do you have?  

Not because we had failed - this was a four-year resident entering their fifth year on the property when they got into financial trouble. 

With the future being so uncertain I realized there was a need to do more than just rely on my job for financial security. 

You will also need about 6 months of reserves deposited in a traditional financial institution rather than a crypto account.The next step is to find the target property and calculate the acquisition costs and costs of construction along with the after-repair value. 

It’s important to ensure you’re comfortable with these risks and consult a financial advisor.If you choose to use a HELOC, consider traditional financing or private loans as alternatives if you prefer not to risk your home.As for your first rental, markets in the Midwest and Southeast offer great opportunities with turnkey properties that are tenant-ready and appreciating.

Can you share some financial numbers related to your house hack?