In addition, get in touch with any real estate expert or anyone you trust willing to help in the process.To keep abreast of market conversations, you can make use of such tools as MLS Listings, Zillow, and Redfin.

Most Property managers charge between $250 - $1,000 to place a tenant and sign a lease in addition to their monthly management charge. 

It becomes easier & easier every year as my income increases. 

In some cases, it may even generate positive cash flow, allowing you to save or invest the extra income.Build Wealth: Over time, the rental income from the basement apartment can contribute to your overall wealth-building strategy.

I feel like this is a solid deal and there is enough income from the property to pay for financing as well as leave me with a substantial cash flow.

A perfect skillset besides real estate, contract for deeds in particular, would be a knowledge of lending laws, and of course Employee Retirement Income Security Act or 1974 (ERISA).   

Thanks You can request the insurance company list the entity or trust as an additional insured.

But the ones that did had very good W 2 so they had the cash and income to qualify for loans.

Feel free to reach out if you'd like additional information about Winston-Salem and the investment opportunities it offers!

The idea is for her to be a silent partner, while I take on the more active role of finding deals and managing the properties.I'd love to hear your thoughts and experiences on whether this could be a realistic strategy to get me started in real estate investing while at the same time help her establish a source of retirement income in the next 5-10 years.