My strategy so far to is to acquire rental properties in order to have passive income through retirement.I look forward to speaking with everyone.

Borrow from 401k retirement account and acquire another cash flow positive property to cover the original cash flow negative property?

Initially i'd like to focus on distressed properties to rehab and sell, then eventually acquire multi-unit properties to hold long-term and create residual income.

My short-term goal is to acquire one property a month and save the cash flow from said properties.

My short-term goal is to acquire one property a month and save the cash flow from said properties.

After acquiring my knowledge in technical analysis, I realized all I was doing is speculating on bar movements in a chart.

I will definitely put granite in the kitchen and maybe tile the tubs.This is a nearby sale (with very ugly photos) with the same floorplan from last year, before the prices started really zooming up in the area.Nearby cloneHere are my numbers if anyone is interested:Purchase price: $114,000 (no closing costs or financing; acquired as a sub-to)Estimated fixes: $20,000 (I think this is pretty accurate, as we just had it inspected for the sale)Holding/selling costs: $10,000ARV: About $160KI know it's tight, but I'm new at this.

, we are acquiring SFH rental properties.

My source who is friends with the owners brother says that several of them haven't paid rent in months.The neighborhood isn't bad, just seems as though it has landlords who dont value the quality of their property, never did improvements or kept it up, so it can be potentially a good buildingAfter doing some due diligence, It doesn't even have a building value under the property appraisal site.Im surely going to have to get a lawyer involved to make sure everything checks out and of course the title company to see about any liens.Im wondering how would you guys go about acquiring this property.

I have acquired a couple of properties in the oak park area, which we had rehabbed an sold earlier last year.