Earning a living in real estate is difficult, which is why nearly 90% of all agents let their license go within two years.

For those not purchasing with cash, assessing income or cash flow can often come down to the terms of the mortgage financing for an AirBNB or Vacation rental. 

More importantly... by paying yourself from your rental income, you are converting passive income into earned income, subject to Social Security and Medicare taxes.

If she wants the more expensive ones again, give her the cash and she can apply it towards the cost of the more expensive version.

•Recently, I completed the cash-out refinance and received $103,000 from the bank.

It is common to offer above asking price to sweeten the pot as many owners would simply rather collect the cash upfront.What makes it a desirable offer structure?

If I were to open up a separate real estate bank account, I would then have to add funds consistently from my W-9 job - which in my opinion begins to blur these two accounts together anyways.Should I still open up a separate account for this first house hack, or wait until I buy the 2nd property, which would provide consistent cash flow that will go directly into that account?

I currently own 18 single-family homes in the same area (1.9m value, Cash flow avg 320 per unit).

With conventional mortgage rates hovering around 7% for 30 years… cash flow basically happens at 6.5% cap rate and above.

Save your cash...