![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2849222/small_1696271231-avatar-alecm83.jpg?twic=v1/output=image&v=2)
22 November 2024 | 4 replies
Ideally, I would love to buy a multi-family property and rent it out, I would consider house hacking but I mainly want to my first property to be one that I can improve on and have it generate income for me.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3145199/small_1731458894-avatar-ryank780.jpg?twic=v1/output=image&v=2)
14 November 2024 | 0 replies
Acquired 1-bedroom rental property, generating 30%+ cash-on-cash return.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/342977/small_1694590717-avatar-paulm41.jpg?twic=v1/output=image&v=2)
2 December 2024 | 34 replies
His goal is for members to generate a retirement starting in 5 yr's or sooner.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/360461/small_1621446581-avatar-jesseimes.jpg?twic=v1/output=image&v=2)
21 November 2024 | 1 reply
These are some good ones to check out Guidant Financial, known for its quick setup times and dedicated supportFranFund, which offers streamlined processes and excellent customer service.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/171661/small_1694823721-avatar-soonerman.jpg?twic=v1/output=image&v=2)
7 December 2024 | 150 replies
We had our 1 year anniversary two months ago in a little over a year that we have been at this we have grown our portfolio to a value of 290k we will wholesale one of the properties and the rest will generate monthly rent / Mortgage payments to $3,670.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3143145/small_1730942917-avatar-casir2.jpg?twic=v1/output=image&v=2)
17 November 2024 | 18 replies
i doubt you will be able to generate enough commissions from "investor" transactions, especially early on.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2504871/small_1736557258-avatar-fional7.jpg?twic=v1/output=image&v=2)
22 November 2024 | 12 replies
If you're ok with roommates and generating some leases, ground rules, and interviewing folks before they move in, you really can't go wrong with house hacking.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3137024/small_1729486050-avatar-blissh.jpg?twic=v1/output=image&v=2)
26 November 2024 | 13 replies
You’re right, though, that you’re unlikely to generate much cash flow, if at all, if you invest in your home state.One option would be to look out of state.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2889244/small_1701796403-avatar-sarahm503.jpg?twic=v1/output=image&v=2)
24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3055697/small_1718925629-avatar-reneep68.jpg?twic=v1/output=image&v=2)
25 November 2024 | 10 replies
Long-term rentals offer diversification, learning experience, and lower returns but may generate lower returns.