My main goal is to build a solid portfolio for my children, 20 and 8 months, to inherit.

I am working on minor renovations this summer and then hope to find tenants (after reading the BP landlord book).I do kind of have another property, my long-term partner inherited a run-down mobile home.

Let them handle the wage garnishment and bank levy. 20 years is a long time for deadbeats to turn things around, get married, receive an inheritance, need to buy a home/car/etc.

This strategy can offer diversity and lessen some of the difficulties brought on by expensive markets.Networking and Professional Guidance: Make connections with Manhattan's real estate groups, investors, and professionals in the field.

I own a single-family home that I inherited in 2020 and have been successfully managing on my own and I rent a room in my home on AirB&B.

Trying to do this at home without being in the bizz can work of course but you need a stellar W 2 or inherit cash or sold a bizz whatever..

.- Dan remember that Porsche may belong to a kid who inherited his family land and does not pay a mortgage.

Again, I inherited this tenant from the sale, but they have always paid a day early, seem to keep the unit and area tidy, and don't really complain much.

Check out distressed properties, like foreclosures or inherited homes, and chat with local lenders or estate agents who might have the inside scoop.

Hi,I had inherited an investment property that is worth quite a bit and is fully paid off.