Average Market rate is $1,200 (all utilities)Section 8 $1,277 (I just have to cover the water bill)Median income in my zip code is about 25k.This is my train of thought in choosing section 8: I feel confident I'd be able to find a non-section 8 tenant that meets the 3x earning rule but in this high risk market I would rather get steady income.

Example: If they have a vacancy they get don't get the percentage of the vacant unit/units in the management fee for that month instead of them earning a fee on the entire portfolio size vacant or not.- Make sure the company you are contracting to manage has people within the company to oversee the maintenance that needs to be done instead of having them contracting another company to do the work.

The exit strategies are a BRRRR after 1-3 years and then hold, or sell and take the earned equity to purchase an additional two quad-plexes and repeat.

I haven't been very successful getting anywhere thus far; most of the agents I reach out to either don't respond, or they tell me the property is no longer available, and when I ask them to keep a look out for me, they flat out refuse saying the commission they'd earn would be too low to be worth their time.

If the seller is not sure what he/she wants to do with the money and doesn't need it immediately, this is certainly better than sticking it in a savings account earning 1-2% interest. also, because of the deferred taxes, the seller is able to earn interest on a higher amount of cash.You should find out what the sellers' situations ara in terms of how much debt is owed on the property, what their plans are for the money, how proactive they are about saving taxes, etc.With the right sales pitch in the right situation, this could be a home run for both parties.

I got it for zero down (actually made money at closing), and for the time I lived there I house hacked it and earned well more than my mortgage.

After five years you'll have earned $90,000 in rent income and gained $34,000 in appreciation.Buy four houses with $50,000 down on each.

We have visibility that we will be staying in this area for at least the next 7 years.Background:We both work in techWe have about 500k invested in stock (not including 401k)We have about 100k in cash equivalentsWe earn a combined income of 550k annually include cash and RSUsWe have no kids and don't have plans for any for the next three years at least.

In my opinion most investors (not the Clayton Morris/ Bert Whalen's of the world) that struck it rich in REI earned it.

If your state of residence is NY, then any income earned by the LLC will be taxed by the state where the income is earned (MI), by the state where the LLC is organized (CT), and by the state where you live (NY).