Without reserves, they might be unable to evict tenants or prepare the units once they are vacant.

.• How to think creatively about building wealth.Once at the property, the kids explored, asked questions, and saw firsthand how opportunities are created through smart investing.Involving children in real estate teaches them:• Financial literacy in a hands-on way.• Entrepreneurial thinking and problem-solving skills.• The confidence to believe they can achieve financial independence.It’s amazing how small moments like these can inspire the next generation to think bigger and dream bolder.How are you involving your family in your real estate journey?

Sometimes people are REALLY creative about it, and I respect that, lol.

These types of loans typically require at least a 10-20% down payment, as lenders want to see that you’re financially committed to the project.There are ways to get creative but they still require some form of skin in the game. 

Creative Financing for Your First Investment PropertyIf your goal is to acquire your first investment property, consider these options:House Hacking: Purchase a 2-4 unit property with a low down payment (e.g., FHA at 3.5% or conventional at 5%).

I'm much better prepared for the future.Thanks again Chris!

Seems like you have to get creative with the lease contract in terms of the water.

@Shaylynn O'LearyI like creativity in your own market compared to chasing cash flow across the country.  

I’m self managing myself but the tax side of it is a little confusing to me but I’m recording everything involved as far as maintenance, traveling, expenses etc. just want to know what some people would do in my situation or what to I can benefit from come tax season  @Angelo LlamasI recommend that you find a real estate accountant to help you understand and prepare your taxes.Bigger Pockets is a great place to find a real estate tax accountant. 

Projects give us visibility on my projectsMy CPA can easily access the reports for tax preparation.