I am good at what I do but it certainly takes a while to move up the corporate ladder (hence the reason I’m looking to supplement my income with real estate)

We will need supplemental income during our retirement since we are not going to earn Social security in the beginning.

We hold the utilities in our name and pay them, but provide the tenant with copies of the bills {this enables them to monitor and regulate their usage}.Every three months we reconcile the utilities budget and give the tenant the option of retaining any surplus in the budget (say for coming colder weather) or applying it to the next month's rent.

Many people working independently use MH Village to list their properties, and in fact many retailers and community owners rely on them to supplement whatever they are doing themselves.I do know that in major metro areas, that people do very well using specialized agents to list and sell their homes.

obviously depends on goals, but I would suggest the mortgage, as leveraging the investment will bump up your ROI and enable you to use excess cash to buy more

My name is Nick, I am a mechanical engineer in Portland, Oregon...looking at REI as a way to supplement my income and retire early.

Im mainly looking for more passive ways of building sustainable long term wealth, not interested in the overnight success or endlesa days rehabbing homes, as this would be supplemental income.Thanks and look forward to learning more!

I currently rent out a condo and an SFR.At the end of 2009, I figured it was time to kick my investing into high gear, so I signed on with a "guru" or 2 and eventually formed VetInvest to help veterans learn to earn supplemental income through wholesaling.

This allows me to keep my current job (working from home) and will enable me to create enough passive income to eventually become financially independent.Now that you all have a bit of a better understanding of who I am, I wanted to reach out for some advice from the experts:I am considering purchasing my first investment property with the goal of renting it out.

You want to be as thorough as you can especially if it's going to be supplementing income for your father, if your going to buy a small townhouse or condo that needs work you will want to do the same thing as well how much in repairs will it need how much of a down payment do you want to have etc. the numbers are very key in doing any real estate deal so make sure you try to be as accurate as you can in knowing how much it's going to cost in executing your plan Thanks, Michael