I’m thinking my split on a 20% fee of owner’s STR rental income would be 75% + a finder’s fee for new clients of $1000 or 1% of first year’s 20% rental fee (whichever is greater) + 90% of the $1500 listing setup fee which covers all the work of creating the listing, coordinating the photography, on-boarding to channel management and dynamic pricing software + referral fees on rental properties that go to list.

I just turned 60 and would like to retire on REI passive income by age 70.

Hi Josh,It depends on whether you will be needing the 20k saving, your income and risk tolerance.

It was outright rejected and then a week later the sellers countered with $1.35MM and 6.5% seller financing.2023 rental income was about $90,000 but for 2024 summer only 4 weeks are currently booked for $25,000. 

DSCR loans primarily evaluate the property's income-generating potential rather than relying solely on your personal income verification. 

Most investors goals are more modest perhaps to replace their W2 income and get financial freedom and that doesn't require 100 doors.

The height of each unit is about 8ft I believe.let me look up the sqft I believe it's a standard sized lot for chicago so about 3000 sqft Neighborhood is starting to see some nicer units rents are all higher but it's leans more low income I have a contact that is going to ask the alderman if I could build a separate unit and have the original as an adu architect suggested extending it as they believe it would be easier to get approval than a separate home

Hi all,I've been reading about the Passive Activity rules that prevent passive losses (eg Depreciation) from being offset against ordinary income.

so, what I want to do is to create passive income with cash flowing properties.

I have accumulated paper losses (e.g. depreciation) I’d like to use to offset my spouses W2 income.