I’ve made 6 figures consistently the past few years but I’ve spent most of it on high rent, leisure & travel to be honest so only have about 40k liquid for a conventional downpayment on a 200k property.

She's consistently 30+ days late on her ongoing P&I payment and we haven't received a single payment from the trustee towards the arrears after two years.

The specific house that i am looking at consists of two-two bedroom units as well as a one bedroom unit.

To get started, I already read 3 books (one of them is “How To Invest In Real Estate” by biggerpockets, which led me to this community) and I have soooo many questions that are still left unanswered.I’m looking to get into rental properties for a consistent cash flow which would hopefully allow me to forecast a growth and ratios.Nonetheless, I’m in a very expensive area in Brooklyn where houses average around 1 mil.

As long as you are consistent good deals will eventually come your way.Good Luck!

We spread out the cost of capex and have an in house crew to keep costs low and speed of service fast and consistent in quality.

partnership consist of a cousin who is skilled in rehab and maintenance, mom who has credit and investing money to put in, and me to handle administration and hunt for deals. we are putting in the same amount of money and loan from hard moneyquestions:-how to best structure the deals-if he is doing the rehab: how should that be approached- from an investment and payment for rehabbing the house/deal (s)-legalities that should be covered-any other recommendations...thanks in advance

Anyway, after multiplying that by months and years, it really looks like a great opportunity for an awesome return.

Make sure that the market you are considering is consistent with your goals, Once you've chosen a market, dive deep and get to know the neighborhoods.

If you buy value add properties you can refi and deploy the equity back into other properties once you increase the value and continue to grow.You could also use that cash to flip, build spec houses or do a small development project and multiply it much quicker than you can buying cashflow properties.