You also may want to look at a site called houseflippingworksheet.com for additional help on how estimate costs of rehab.

In addition to them having money they purchase property “AS IS”.

Depends what strategies your existing leasing agent is employing.

hi from austin tx. so been hanging around here trying to figure out how i wanted to get started. well figured it out. i am selling my house, cashing it out, because i do not want to use it as a rental. bought another house that i will hack then turn it into a rental in a cpl years but in the mean time i am looking at additional properties in areas outside of austin even out of state.my goal is 10 properties before i retire, from my current job, in 6 years. i am looking especially in rural areas.

Hello @Talmadge Lawing,as a realtor you are self-employed and qualify for a Solo 401k plan, which is far superior to an IRA.

This also keeps you from having to go back to the utility to pay additional deposits or provide references - every time you lose a tenant!

And please include the following:-How much do you have to invest-Do you have additional equity partners-How are your personal financesJust to be honest, you're unlikely to be able to invest in the tri-state area, even in Suffolk County.

In Texas, we have earnest money in addition to an option fee.  

In addition, is the property rented or not, is it Section 8 or Regular Tenant.

Respected for his unique blend of creative and analytical thinking underpinned with a commitment to collaboration, intelligent risk-taking, entrepreneurial spirit and leadership presence within dynamic organizations he knows how to keep it real and close the deal.In addition to his business interests, Mark is involved in numerous community outreach and volunteer organizations including the South Brentwood Residents Association (advisory board member,) local homeless advocacy group The Giving Spirit (chairperson-fundraising, community outreach,) American Youth Soccer League (referee and division mentor,) and the Girl Scouts of America to name a few.