This process allows the investor to purchase many more assets and reap the above benefits on each new asset.If bought in the right neighborhood, the home may still appreciate and sell for an even greater profit than what can occur during a short time table required by a flip.The income increases over time, and as the tax benefits or the condition of the properties systems age or deteriorate, the property can be exchanged to reset tax advantages and move to newer properties with newer systems.The passive income can eventually exceed the money required to live, allowing the investor to exit the rat race and live fully off of passive income, while building a huge nest egg from equity and principal pay down.Your financial statement looks better and better to the banker as time goes on.Properties can sometimes be purchased with little or no money down.A property that might net a $25,000 profit on a flip might net $20,000 after taxes.  

As the private money mortgage suppliers are having a tough time offloading these loans to wallstreet, I personally, as well as a few other investor friends struggled to close private money refinances since February, with time tables being around 6 weeks.

Once a tenant is in your property, you better be 150% up on your paperwork & the various laws, timetables, etc.

Quick time table of how I got to the number of units...2012: 1 SFR rentals2013: 5 SFR rentals2014: 5 SFR rentals2015: 8 SFR rentals2016:  20 Duplexes and 3 SFR rentals/ 3 flips2017: 8 SFR rentals/ 4 flips2018: 0 SFR rentals/ 3 flips/ sold 2 Rentals@Chad Rider Main thing is to build solid relationships with wholesalers and small local banks. don't just get on some wholesalers list and wait for them to send you deals.

Finding a good contractor that is 1.good at the paperwork, 2. does quality work, 3. is financially sound, 4. sticks to the time table, and 5. willing to do this type of work is by far the the hardest part.

Remember, with 1031's, you have a strict timetable to follow.Take your current tenant for instance.

Hello All,Does anyone know if there is a mandatory timetable one has to wait until converting a primary residency into a rental property? 

hdnPageAction=TrainSchedulesMapToLIRR: http://web.mta.info/lirr/Timetable/lirrmap.htmMetronorth:  http://web.mta.info/mnr/html/mnrmap.htmIt is a large area but the character varies considerably.

My contractor gave an estimate for the turn-around of a serious fixer-upper, and I was wondering how his time-table compares to the average?

Since the time table for the new appliance is uncertain, we did not put that into the lease, and the lease still stated tenant are not allowed to replace, remove, repair...appliance without explicit written permission from landlord.