James Bailey
New idea .. Do you think it can work? would love suggestions
19 August 2017 | 4 replies
. $600 Net income monthly)Step 5: Through a carefully written contract, my partner, the new owner of the house, will hire my corporation as their property manager on an X year term for something like $400/month or potentially some percentage of equity.My benefit now is a nice passive income stream, and perhaps best of all, I will not be limited to the number of houses I can do this on, opposed to putting mortgages under my name with I will cap out on and probably not even get approved because I'm already leveraged out pretty hard.This is the first time I've written down this idea, I've mostly been confusing myself and others around me with eccentric ramblings thus far so I hope it makes sense.