I’m interested in having more than one door and I have been dancing around the idea of buying duplexes or quads, but I think boarding houses seem genius because it’s a single family so the loan would be easier to get and it not a large area to maintain.

Hello again BP membersI have recently discovered how to pick up not so bad REO SFR’s to flip and rent out (or flip and sale .. not my thing though) with basically using the brrrr methodMy question is more of which is better scenario to be inif to pay down my primary residence and then have (easy numbers) 100k available in HELOC moneyOr have 100k cash money laying thereAnd then after having such funds available (easy theoretical numbers)Go out and Find a REO SFR for 50k Needs 25k in repairsAppraises and ARV comes back at 100kAnd will rent out for 1400-1200 a monthCash out finance 75k (75% LTV)Pay back your self or helocAnd repeat process overNow my immediate goal is to reach 15k PASSIVE income but i want opinions on how to get there faster and with this idea i have seen a few examples of in older threads but not alotThanks in advance!

Like Chris said most people are attracted to the idea of getting rich quick without a lot of work but especially when you're starting out there is a lot to learn and a lot to do.

Hello BP!I've been looking at out-of-state investments and have been very interested in SFR within a 30 minute drive of large military bases, specifically in Fayetteville near Ft. Bragg / Pope Field.  I'm looking for ...

Would be great to connect and exchange some notes and ideas.   

I like your idea, and I need to write more letters.

Hi All, So I wanted to bounce my newest idea out there to get any comments/thoughts/tips from the BP community.

@Ryan Johnston  at this point it's probably not a bad idea to call your agent and go walk through the active comps looking at fit, finish, styles, etc of the rehab. 

PS: If there is ANYONE in the area that would like to meet up and bounce ideas or talk business and strategies coffee will be provided!

Love the idea though!