Are you looking for monthly cash flow to supplement your income, or are you looking for long-term equity gains more for a retirement plan.

However, I think by supplementing the shortage of mailers with driving for dollars and bandit signs along with my online presence and a few other free ideas I have, I think I can come up with 1 deal. 

Would you just get the license as a supplement to your investing or would you pursue it as a career and to be your skill set for the investment world?

I really enjoy what I do, so my primary objectives are to supplement my income and aggressively get out of debt.

Currently looking to supplement my current activities with passive income from owning multi-family properties.  

The intent with a women's investor gathering that @Lisa Kohl is holding here in Boise in our case is supplemental to our monthly Investor Group meetings and quarterly informal BP style meet ups. 

I had a teacher in high school that used his 3 - 4 months off every summer to flip a house.I'd take the advice above... buy a multi-family in the area you want to raise your kids to supplement your income.Use the remainder of your cash (cash is king...

That way you can use your current income to supplement your investing income and achieve your goals faster.

Hi All,I am looking for advice we are looking into investing some money into our first rental and at the same time are looking for a bigger house for ourselves.With this in mind we are considering keeping our current house and making this our first rental possibly in the future if we wanted to downsize we could return as we really like the neighborhood.Our objective is long term investment to supplement out 401k’s although likely along the way we will need a balance between cash generating property and appreciation driven.So FinancialsOriginal Purchase price $300K in 2014 (Estimated current value $330-340k)Deposit 20%/$60kInterest Rate 3.75%There is $200k left on the mortgage I am using a excel rental calculator and I am using the original purchase details without updating for the reduced mortgage or higher appraised value as that seems to complicate.Assumptions:Estimated Rent $2300 p/m (Based on zillow and comparables)Vacancy Rate 10%Property Taxes $8800Insurance $1200Maintenance/Repairs $2000Utilities $600(This was to include mowing services)Advertising $250Annual Expense inflation assumed at 2%Property appreciation assumed 3% (This might be conservative Ann arbor has been 4-5% for last 5 or so years)The property calculator gives me -2% return on cash but 16% return on investment.Based on this what advice would you give me or watch outs?

As for my goals, I'd like to supplement and eventually replace my 'day job' income with passive income from real estate.