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17 April 2019 | 6 replies
Keep in mind this is a business not a charity, supplementing a tenants rent to avoid a turnover is a clear indication of a inefficiently operated business.
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27 June 2017 | 10 replies
I currently have an entire separate website, FB page, email, etc. simply as a means to supplement my bookings along side the major platforms.
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7 September 2023 | 46 replies
You have to ask yourself, do you want to be some real estate mogul with 100+ rentals or are you just looking for something simple to supplement your retirement?
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6 December 2020 | 3 replies
Grandmother had dementia/Alzheimer's, we had power of attorney, deeded the house over to our name, and now the rental income is supplementing her medical bills.
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30 July 2021 | 2 replies
It's basically seller financing as a second mortgage to supplement the first.
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4 April 2017 | 5 replies
I have recently decided that I must supplement my current government income through passive means so that I can set myself up for a great position to "escape the rat race" when I transition to civilian life in a few years.
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5 September 2017 | 2 replies
Hello Bigger Pockets community!A while back I posted a question about how to get my start in REI, specifically regarding the impact of a real estate license. I got a lot of great feedback! As I sit on the topic some...
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5 November 2013 | 9 replies
Before making the investment, I conducted my due diligence, discovering interesting figures:CAP Rate: 4.144%Asset Value: $213,898.00Profit Per Unit: $184.65Year 1 Cash ROI: 44.33%Year 1 Total ROI: 62.68%Year 1 Total Cash Flow: $8,863.00Expenses: 39.38% Price Per SqFt: $55.34These numbers demonstrate passive income, supplementing my full-time salary and allowing me to save for a future down payment or assist in a real estate venture.
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1 May 2017 | 4 replies
Hello BP Community,I'm working my way through the "9 steps to own a rental property" video series and I've purchased one house already (I know, reverse order).The question I'm now thinking on is "alternative or supplemental income".
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11 May 2020 | 15 replies
Our plan, and strategy, is to begin our REI portfolio now (or very soon), so that in 10 years we use REI to supplement my retirement pension and in theory, be financially free.Like I mentioned to @Eric Jones, OOS investing in a more passive manner makes the most sense for us now.