I agree with @Kelly N. , it will be hard to get three roomies to each qualify for 3x of the total rent, that's 9x of the monthly rent altogether.

Anthony,You are in solid REI state to begin, We have started investing in real estate in Orlando Florida because of the inventory and strong returns for our investors, both on the rental side and fix n flip.

As @Paul Ronto noted, he could be a great tenant but could be a friend of the landlord or like @Kelly N. mentioned, the current landlord may just need him out.  

Buy a fix n flip, hopefully earning me some more money to invest in additional properties. 4.

@Alfred Edmonds In that case, there's only one 3/1 comp sold in the last 12 months.  146 N.

Danny N.

Okay, so I've been wholesaling properties to investors for almost a couple years now, I come across some amazing deals, I also own an inspection company now that inspects FNMA foreclosure properties, which also helps me find some decent fix n flip deals.

Okay, so I've been wholesaling properties to investors for almost a couple years now, I come across some amazing deals, I also own an inspection company now that inspects FNMA foreclosure properties, which also helps me find some decent fix n flip deals.

Wholesale and Flips would be in an S-Corp. while buy n holds are LLC.Check out Mark Kohler (Attorney and CPA) on YouTube he does a great job on explaining the differences. 

(Make sure you understand the difference between marginal and effective income tax.)So, $2,400 in 401k would be equal to $1,768.8 in after tax dollars which could be invested in real estate.C = 2400 - 2400*0.263C = 1,768.80Now:A = 29,190.75 / 1,768.80A = 16.50This means that every dollar invested is worth 16.50 dollars after 37 years.To find the average compounded interest rate (y) for the 37 years we use:(1 + y)^n = ASolve for y:y = A^(1/n) - 1y = .0787 or 7.87%This means that from your initial contribution of $2,400 you made a 7.87% return per year for 37 years.