I would pull the trigger on something with a rate like thatI closed on a triplex today at 3.25 and thought about waiting to get a better rate but the numbers made sense on the house so I went with it.Be cognizant of all of the residual fees that come along with condo ownership as well.

The problem is that the residual doesn’t last forever. 

This way it would minimize your losses on the property, will get you residual income, and can potentially get you some cash out to put money into another property.Send me a PM and maybe I can help you out with this!

It is an easy way to cash flow a property and have residual income while you already live there!

Anything thinner will telegraph the highs and lows. 2) if you need or want to glue down and heat or moisture is a issue, DON'T use a pressure sensitive adhesive EVER!

Buy a pre-owned vehicle (financed, not cash) or (what I would do) get a solid lease deal on a vehicle with a high residual.

@Sardar Mustafa KhanHold open houses for other Agents is a perfectly reasonable strategy in my office residual agents use with the understanding the one holding the house gets all the leads & the possible buyside if someone is interested.Great if you are just starting out since you can build up a list & get used to talking real estate to clients.

In hindsight, perhaps this is not the best profession to be in when it comes to passive income (although I do receive "residual" checks for some productions... so there is some passive income involved).At this point, it looks like my most feasible path to $5K/month passive income would be to scale a RE portfolio, and have some diversification in my investments as well.

And then you need to HOPE you sent the right marketing piece to them, and HOPE you filtered that list correctly, and then go to all the hassles of skip tracing and then RESEND those letters again spending an other residual fortune? 

People attribute a lot of what we do to luck, being in the right place at the time, or just happenstance - this is because they fail to see the hours and hours of studying, exploring, and experience that has brought us to our successes.As Branch Rickey once said "luck is the residue of design."