If the tenant decides to leave after three months, you still have to find a replacement tenant and then refund any unused portion of the rent.3.

It was a win win for both because he wanted to reduce his tax liability and sell all three locations together and we wanted specific terms with the seller financing.

It was a win win for both because the seller wanted to reduce his tax liability and sell all three locations together and we wanted specific terms with the seller financing.

Then ask them if they will put the guarantee on year three.

Regardless of how you find them, try to interview at least three managers.1.

I reside in California and am 47 years of age.Over the course of the year 2020, I purchased 3 separate single family homes for rental purposes in Alabama as investments.House #1 was purchased for $121,000 and is now valued at $168,000 with approximately $90,000 in equity. 30 year loan of about $610.00 a month.House #2 was purchased for $150,000 and is now valued at $227,000 with approximately $118,000 in equity. 30 year loan of about $795.00 a month.House #3 was purchased for $115,000 and is now valued at $160,000 with approximately $73,000 in equity. 30 year loan of about $583.00 a month.All three are rented out with long term tenants and I profit about $1400.00 a month across all three properties.My long term plan is to acquire additional properties for investment purposes.

Once I finish all three of these projects I plan to get more properties with investors and save up enough to get an airbnb by myself.

I've sent out approximately 300 letters and I've gotten three strong leads that I am pretty sure I am going to be able to buy or wholesale this summer.

You are going to want to look for a location with less than 7 ft.² of storage per person within a three or 4 mile radius for most locations.You’re also going to want to be on a highly traveled road with high visibility and good signage.

I switched to Texas and was beat out on the first two, but got the third which was the best of the three.