But I think some of those areas can still produce appreciation gains too, if you don't mind managing it from the coast (this is all speculation so far).

Just do your due diligence and make sure that the agency offering the class is solid because not all courses are made equally.In terms of going for a smaller brokerage that's exactly what I did and believe that works well for the part time broker with way lower split and desk fees than big box companies.Also, her having a license will more than pay for itself even if it does not produce much in the first year by allowing you to list/buy your investment properties without paying a commission.

We get quite a few in our turn-key rented properties producing a net 10% or more.

Bought a duplex and rehabbed it and it's now producing great monthly income but we're ready to move on to another project and want our cash out.

They don't have the ability to pay if you did a deal today, they don't even qualify to rent it.RE is full of sad stories, you can't run a charity and help everyone, after all, it was their doing in getting into that situation.There is no justification to get involved in any way unless they can produce some evidence of the ability to pay.

(We have 15 units.)I also maintain vendor files.I keep reference materials in separate files/notebooks/drawers for Washington Landlord-Tenant Law, Housing Authority (Section 8), Police/Sheriff Partnering, Fire Marshall-Fire Safety, Tenant Screening Resources, Utility Companies, Rental Association, Legal Counsel, Partnership Minutes, Education Courses we took, etc.I keep a notebook record of standard materials we use, written descriptions including paint samples, flooring samples, etc. with some photo examples.We store and organize most of the property photos in the computer in iphoto.We produce our marketing materials in the computer, such as business cards and advertisements.We keep hard copies of the bank statements, credit card statements, mortgage statements and purchase agreements in binders and archive them at the end of the year.Our bookkeeping is on the computer in Quicken, which allows us to easily look things up, categorize and send electronically to our tax preparer at tax time.Our tax preparer files electronically, keeps an archive record and each year delivers to us hard copies of our tax documents in a labeled folder, which we store in a filing cabinet.We also have a small library of reference books, magazines, newsletters, etc.That's most of it.

When you are buying an heir's interest, you have no way of knowing with certainty what the value if their equitable interest is due to the inability to anticipate all offsets from creditor claims and the possibility of someone producing a valid will later (it happens).I'll work these type deals and pay generous referral fees.

Hi All, Let me start with the end in mind: I will produce a $20,000 per month passive income and $5,000,0000 net worth by March 11 of 2019. 1.

I'd keep the current two unit property and use it to produce some additional income.

But will it effect our buying power in a year or two if it is producing or can produce a positive cash flow?