I assisted my grandfather with his multiple single-family rentals, but they usually had long-term tenants and there wasn't much work involved or lessons to be learned.I have a new opportunity at hand that would involve me renting houses and then, subsequently, subletting each furnished bedroom on 3-month leases.

In this scenario, the renter pays extra every month that goes towards the purchase price.You can earn around 13% or more return on investment and also provide a path to home ownership for a deserving family who also does not agree with paying interest.I hope this information was useful and please let me know if I can assist you further.

I have been a mortgage originator here in the Bay Area for 28 years and a newbie to PB looking to wholesale a few properties until I get to the buy and hold stage.What you will fine here is a wealth of education information and genuine assistance in your investing endeavors.

You can have someone much older that doesn't have any RE knowledge assist as a third party influence simply by agreeing with you, reinforcing what you might suggest.

One final note: Payroll is a really, really, really counterproductive waste of your time (and your wife's), so when your LLC merits the switch to S-Corp taxation, consider having a Virtual Assistant do your payroll for you.

Hi my name is Sonya and I am a assistant contract buyer and note broker.

Each of these two options have endless options of structure within them.Perhaps if you can be more deal specific, I could be of better assistance.

Essentially you are helping out with miscellaneous errands and learning in the process.IMHO, It is very unlikely that you will find an investor to fund your deal if you have never done a rehab and do not have any of your own funds in the deal.I am not trying to rain on your parade but just want to prepare you for some of the challenges of getting started with no funds and no experience.Keep asking questions and you will find great assistance right here.

Ask if you can assist them for FREE in anyway.Believe me someone will take the bait, there is much to do in RE business:Marketing,networking,taking pics of property,meeting buyers,meeting sellers,organizing/interviewing contractors,getting paper work signed,title companies,attorneys..etcLet them know you are learning the business and would be open to mentorship.

Kimberly, that's not really what I said, I was speaking to the fact that federal law requires you to consider income regardless of it's source, assuming it's legal, they are speaking directly about social security and different types of assistance programs.