I know many investors go out of state for buy and hold properties to generate passive income, but is Blythe a lucrative market?

.- Builds long-term wealth - Generates rental income - Increases equityCons.- Complex process - Requires financing - Dependent on market conditionsAirbnb:Pros.- Potential for higher returns - Flexible pricing - Short-term commitmentCons.- Requires active management - Subject to regulatory risks - Income can vary seasonallyI wish you the best in your new venture.

I believes that well-planned real estate investments can open the door to financial freedom and generational wealth.Welcome!

 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..

The very tragic LA fires have generated a lot of discussion about insurance costs.

If they qualify as tenants, you might need to honor tenant rights or negotiate a settlement to vacate.Market Potential: A two-family home and a single-family unit could be a great income-generating property post-rehab or resolution.

They generate about $300k in rent, I get to keep about $250k of that in cashflow.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.

The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.

Rentals generate passive income, so an S-Corp offers no added tax benefit.