Actually I forgot about the supplement we submitted and got approved for $7K profit on top of that.

I grew up watching my dad buy foreclosed fixer uppers which he held and self managed and still owns 20 years later and he uses as supplemental income.

**How to underwrite a applicant that is retired living on supplemental income and proceeds from a sale of their home?

And on another note, I am looking to get into REI to work for myself(freedom) and to create some wealth, nothing crazy if i could supplement my income and quit my job and work for myself i would be totally fine with that.

I am semi-retired and looking to supplement my retirement income with Real Estate and build a business that I can leave with my daughter and Grand Kids!

Additionally, any refinances or supplemental loans are reviewed as a return of equity so no tax impacts.

The end goal is to have roughly 5 rental units that are completely paid off and can help supplement my income and potentially give me the opportunity to branch into a different career/lifestyle.The main reason behind the 2 years of living in the units is that per U.S. tax code 121 (exclusion of gain from sale of primary residence), if you have lived in a unit for 2 of the last 5 years, an individual does not have to pay tax on the capital gains for up to $250k of gain ($500k for married couples).

Much like the FDA will allow additives and chemicals void of nutrition in your food.

@Bruce WoodruffNo, I’m supplementing the 97% of scientists with my own knowledge of the data, which I shared a bit if above.

To earn more capital,  think in terms of sharpening the wheel and making more money at your job and or developing side income generating businesses that can supplement your primary source of income.