I recently read Set for Life and am trying to use real estate to provide a passive income stream.

Went off the advice of a few senior military officers and my old economics professor suggested Brandon Turner's book... which led me to the podcast...which eventually led me here.Long terms goals include financial independence by age 45 and while Real Estate is just a component of the bigger goal, for me, at this point, I would like to maximize my opportunities to buy and hold a few properties that can potentially become streams of passive income to supplement my larger portfolio down the road and have been working for about 4-5 years to put myself in a position to do that. 

Sign the LLC, close the deal, transfer the land, complete entitlements, complete working drawings, pull permits, build, lease, season the rental stream.5.

And secondly does anyone have any recommendations for a lender that will do a HELOC on a rental property that isn’t backed by Fannie Mae and is willing to do a little work to understand my income stream?  

Doing coaching on the side keeps their skills sharp and is a pretty easy way for them to create another income stream.

@Jonathan Pflueger - If you are curious about who buys turnkey MFH in the Bay Area, go to those open houses for new listings of rehabbed MFH and if the building is priced well, you'll see the amount of people streaming in to tour a gorgeous updated unit with market rents.

I have assembled a three way partnership inside of a corporation and we are looking to begin buying rental units as a part time passive income stream.

RandyH has proven to be very knowledgable in the field of Land Trusts and has a wonderful progam to teach investors how and why to use them.He will be a guest speaker on my radio show tomorrow at 11 am Pacific time and can be heard via streaming live on the internet at www.hometownstation.com The show is called "Creating Wealth Through Real Estate" and Randy will be teaching our listeners about Land Trusts for Free.

The cap rate is simply the rate at which you wish to capitalize a stream of future cash flows.

It also helps in that it adds an income stream to an already viable business.For those starting out without either business going, I always suggest that they learn all there is to know about rehabbing so that the ycan then become a good wholesaler.