Prospective tenants will tell all kinds of stories as to why they have 10 credit cards, all of which are run up to the limit, and none of which are current, or why they ended up getting evicted from their last apartment.Do we have the cure for cancer?

You can maintain a powerful position over each property, you don't do the work and you have relatively limited risks compared to other forms of REI.

(I think $10k limit before you have to declare it)BestToby

Please limit deals to the proper forums.Thanks,Jon

Have capital, good credit, but limited time and limited RE experience.Options I'm tossing around....

For that matter, if you're older and have limited job prospects, the same advice would apply.

That's $1,600/month additional each month, over 60 months that would be $96,000 gross cash flow per month.Now of course there are many other factors, like other expenses, vacancies, etc, but your target is really not far off given your current monthly profit.Of course I do not know your monthly lifestyle either so that may trim things down a bit if you have extreme monthly bills and a high end lifestyle.

In my limited experience, the hedge funds I know of won't pour you a cup of coffee without you bringing a number closer to $500K to the table.

Also, your credit limit is not necessarily your investment amount.

There's a lot of choices out there but they're limited in amount of documents and signers.