Originally posted by Sharon Rolel:Been meaning to try this one for a while:http://ocw.mit.edu/courses/urban-studies-and-planning/11-431j-real-estate-finance-and-investment-fall-2006/Seems relevant :)Is there a way to get the streaming to work on this course?

The city's unemployment rate remains below the national average, reflecting the strength of the local job market.Education and research institutions, particularly those within the Research Triangle Park, play a crucial role in fostering innovation and providing a steady stream of talent to the workforce.

It'll be another stream of passive income for you.  

I am not there to where I want to be yet...I would tell my younger self to focus more on the active income, go do more flips, quit your job earlier, create some good hustle income stream instead of just solely focusing on investing. 

Each strategy has its own set of benefits and drawbacks, as well as potential returns and risks.Buying to Flip for Quick ProfitBenefits:Quick Returns: Flipping properties can potentially yield quick profits, especially in a hot real estate market.Minimal Holding Costs: Since the goal is to sell the property quickly, holding costs such as property taxes and maintenance expenses are minimized.Creative Freedom: Flippers have the freedom to renovate and design the property to maximize its resale value.Drawbacks:Market Volatility: Flipping is highly dependent on market conditions, and a downturn in the market can lead to reduced profits or even losses.Capital Intensive: Flipping often requires significant upfront capital for purchasing, renovating, and holding the property until it sells.Income Tax Implications: Profits from flipping are typically taxed as short-term capital gains, which may result in higher tax liabilities.Buying for Rental Income and Long-Term InvestmentAdvantages:Steady Cash Flow: Rental properties can provide a consistent stream of income through monthly rent payments.Appreciation Potential: Over time, rental properties have the potential to appreciate in value, providing long-term wealth accumulation.Tax Benefits: Rental property owners may benefit from tax deductions on mortgage interest, property taxes, and depreciation.Challenges:Tenant Management: Dealing with tenants, maintenance, and property management can be time-consuming and requires effective management skills.Market Risks: Rental income may be affected by market fluctuations and changes in rental demand.Liquidity: Unlike flipping, rental properties may not offer immediate liquidity, as selling a property can take time and incur transaction costs.Comparing Potential Returns and RisksBoth strategies offer the potential for attractive returns, but they come with different levels of risk.

IRR is for when you have consistent payment stream and no expenses- for example a government bond.XIRR is when you have variation of cashflows.

We have mountains surrounding the valley where there's pine forest and streams, and then here in the valley, it's warmer but we're at around 1,600 meters, so cooler than other places and not so many bugs (we do have them though!) 

I am excited to learn banks are being more accepting of vacation rentals as a legitimate income stream - thanks for all the tips, y'all!

I never thought about the consecutive income stream to qualify for a loan, so thank you for pointing that out.

Will add an additional stream of revenue and will get you used to managing tenants.