I have recently decided that I must supplement my current government income through passive means so that I can set myself up for a great position to "escape the rat race" when I transition to civilian life in a few years.  

Hello BP Community,I'm working my way through the "9 steps to own a rental property" video series and I've purchased one house already (I know, reverse order).The question I'm now thinking on is "alternative or supplemental income".  

NC has a similar law entitled Home Foreclosure Rescue Scams and the wording here (in NC) in the Foreclosure rescue transaction is the buyer "... make representations that the transfer of the residential property will enable the transferor to prevent, postpone, or reverse the effect of foreclosure and to remain in the residence..."

Then, supplement with your own research.BPO's are beyond worthless.

I'm definitely going to stay on bigger pockets because this is a very powerful and free tool to have, but I'm also looking to supplement this really awesome tool with other tools that are out there.  

Hello Bigger Pockets community!A while back I posted a question about how to get my start in REI, specifically regarding the impact of a real estate license.  I got a lot of great feedback!  As I sit on the topic some...

Find your number, and pursue opportunities that will enable you hit that number2.

His monthly $1,100  social security check is not going to enable him to quit working.The Grand Plan.Sell the home that was great for raising kids and close to work, nows it's just a financial burden.Use the 200k equity from the sale as a down payment on a 400k 4-plex in a trendy in-town neighborhood.The magic for the HECM for purchase is that he never has to make a mortgage payment.Let's do the mathHe no longer has his original mortgage payment of 1,200Lives in one unit rent's the other 3 for 900 each that's 2,700 minus lets say 900 for taxes and insurance.OK, now he has a rental income of 1,800 + 1,200 social security and NO housing expense.$36,000 a year forever = retirement NOW for my friend Gordon.

I have been thinking of using it as a strategy to take the additional cash flow and dumping it straight back into the property at a more rapid pace to improve the property enabling the ability to raise and stabilize rents quicker therefore increasing the properties NOI.

I'm ultimately looking for a way to supplement and eventually take over my salary from my "day-job."