Hello, We have a triplex in a lower-income neighborhood in the Tampa Bay area.

Locally my observation is that the need is more for low income young and working vs college student.

In 2003, while working in corporate America someone suggested Rich Dad Poor Dad to me.

A lot of our housing stock here has finished basements or in-law suites, so with something like that you can generate significant rental income for an inexpensive conversion. 

I love talking with investors, sharing values, discussing their wants and needs, helping them fully understand what they’re investing in and helping them achieve their passive income goals is very rewarding.

Are you looking for steady, low-risk passive income now, or are you comfortable taking on more leverage to scale faster?

Why not just save for the downpayment and work on increasing income to qualify for a traditional loan?

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

-22 years old-$50,000 pre tax income from business this year-80k in savings-30k in investments-pre approved for $350,000 (had to use parents as co-signers because I started business 2 years ago and didn’t make much first year)Looking to get into first house by house hacking a 4 bed 2 bath renting out 3 rooms.

So I do currently have income from my rental properties, however it isnt enough to cover our current costs over here for the next 6 months.