Great 👍 Hopefully Karla is still monitoring this post 2 years later …?

I think that is always recommended and it is something I do.My inspector has uncovered things they werent aware of and has also alerted me to issues to monitor to make sure they are rehabbed properly (for instance ensuring that the electrical scope included adding additional circuits because the current number was deficient).

Both can be remotely controlled/monitored.

It's not completely passive as you have some work to do in finding operators, learning about asset classes, etc - but once you make the investment you have nothing to do but monitor the ACH's into your account (Hopefully) and read reports.I have done both active and passive investing and had great results with both - you just need to decide which route you want to go and then commit to it.Good luck!

While it sounds amazing to have 20 doors rented out, you also have 20 different families to contend with, potentially several property managers, the tax returns and monitoring the cash flow and expenses, plus overhead of physically owning the real estate (mortgage, repairs etc).I wanted to have time and geographical freedom, which is something I feel most investors want - but it often gets covered up with "financial freedom".

It got us motivated, organized, and ready to begin our investing and we hit the ground running with five properties in one year. 2019 has been quiet, no acquisitions this year, really just focused on some debt paydown, saving, and monitoring the portfolio.

Real estate takes a lot of time to find and manage properties as well as to monitor all the changing landlord laws.

These kinds of transactions continue to take monitoring and a careful eye.

. - you don't have to "mark" a thread by posting in it; you can check the box near the top of the page that says "Monitoring Topic", and then you can find them on the "My Watched Topics" tab on the main forums page.

You could monitor the taxes and insurance payments yourself.