Renee Ren
Where to buy 1st out of state property?
6 June 2021 | 136 replies
This info will give you a decent idea of what to expect and help filter down your search to a few cities.Some of the metrics that I find valuable to understand are:- Population - Home Values- Household Incomes- Rental Vacancy Rate- Homeowner Vacancy Rate- Poverty Rate- Educational Attainment Rate (High School/GED & Bachelors)- Number of Housing Unit- Rent to Income Ratio- Rent to Price Ratio- Population on SNAPS (supplemental nutrition assistance program) percentage- Property Tax Rate- Median Age of Buildings- Number of Structures by Units (SFR, Duplex, Triplex, Quadplex, etc...)- Median Rents by Number of Bedrooms- Unemployment Rate- Employment Sectors Percentages These are just some of the indicators that will help you understand the quality of an area as well as the kinds of returns one is to except.
KC Conti
Out of State Rentals
3 November 2021 | 66 replies
I really want to find a way to supplement my income but I don't think New York is the right state to do it in.
Jeremy Janszen
Coronavirus/COVID-19 causing non-payment/eviction
24 March 2020 | 69 replies
What is tenant doing (planning to do) to supplement income if they expect to have income loss?
Timothy J. Cudjoe
Is Real Estate your passion ? Or is it fueling your passion ?
23 June 2020 | 53 replies
I hope at some point, I'll be able to supplement my income with real estate and just add to my cash flow line.
Chris Wilkening
Dave Ramsey says RE should be 5% of portfolio
8 September 2019 | 50 replies
What is the risk tolerance that’s required in Dave Ramsey’s portfolio to achieve the returns that will grow his assets enough so that just a 4-5% withdrawal rate in retirement will suffice his supplement income goal in retirement?
Dennis M.
Disabled tenants in the hood
3 November 2019 | 66 replies
You can argue that nobody stays on welfare for $1,000 a month but the truth is there are a lot of people that take that $1,000 a month and then spend their free time hustling for cash, dealing drugs, or otherwise supplementing their lifestyle without Uncle Sam knowing.I used to work for the state.
Jessica Krueger
Whats your motivation in real estate?
28 October 2019 | 97 replies
Have my home free and clear, have a family lake cabin free and clear, be able to take 2-3 months off every year during the holiday dead season, and eventually generate $40k+ / yr in semi-passive rental property income to supplement the cyclicality of the business!
Jon Hill
My goals for 2020. What are yours?
29 December 2020 | 238 replies
Right now I have been looking into starting a supplement company focusing on small batch high quality protein powders and pre work outs with a military theme but not really sure so I’m just seeing where 2020 takes me and I’ll figure it out as I go.
Brian R.
Reserves vs. spending/enjoying cashflow
17 June 2017 | 16 replies
Your friend has been lucky if no tenant has left in twelve years and skilled if roll over has not created any down time.Either way pricing rent below market is simply supplementing a tenants rent and has very little bearing on how long a tenant will stay.
Griffin McKisson
What to Do with Little to No Income or Credit?
18 June 2018 | 70 replies
I did this for a while and it helped supplement my real estate commissions.