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10 February 2025 | 6 replies
I want to work my way into anything full time because I have a decent job now but eventually i want to have real estate/construction replace my income.
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25 February 2025 | 7 replies
But, if the end goal is to have truly passive income you have to eventually build a hands-off turn-key operation or outsource the work.
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7 February 2025 | 11 replies
They don't require employment verification, income or tax returns.
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13 February 2025 | 6 replies
First of all treating rental income as a hobby is a very bad idea.
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7 February 2025 | 14 replies
Projected annual income is 20% of the purchased price.
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23 February 2025 | 25 replies
Don't be suckered into buying cheap properties - unelss you know exactly what you are getting into.Here's some copy & paste advice that applies to just about any Midwest rental market:--------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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22 February 2025 | 4 replies
AppFolio is great for property managers, but investors often use Stessa, REI Hub, or Buildium for tracking income, expenses, and tax reporting.
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24 February 2025 | 2 replies
One good thing about building a 2-4 unit as a primary is you less money down and you can use the other units as income to help build a more expensive home.FHA allows for a higher loan amount as you get into the 2, 3 and 4 unit homes and its still only 3.5% down.
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2 February 2025 | 6 replies
My property generate 4100 per month and it is a 2 family.
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29 January 2025 | 28 replies
just start generating leads and start talking to people and when you’re not doing that educate yourself also hire a mentor just basically get active..