Real-Estate Visions of retirement

Real-Estate Visions of retirement

Homeowner · Las Vegas, NV · Member since 2017 · 9 posts · 3 votes
Hi I'm Memo interested in meeting, connecting with real-estate investors & entrepreneurs that are active and can use help on anything real-estate/business related. I work 10-12hrs 5 days a week, make 65k a year, I'm 40, 3 kids, just know its time to think big and get out of the work force. Real-estate has been my top investment strategy for 5yrs, just recently took action & bought my first investment property. A nice 3bd 1bth house with a 1bd 1bth rehabbed casita in the back, I'm renting out the casita and trying to decide on Airbnb or monthly lease 2 bedrooms of the house. House Hacking would pay my mortgage and allow me to save, pay off dept., and get ready for my next rental property. I know if I stay on track, focused, determined, I can buy 1 or 2 rental properties a year. So if you have a real-estate meet-up coming up, or just want a helper on your real-estate journey im your man. I would like to get around successful real-estate investors to learn about rental properties, finding deals, wholesaling, etc. Honest, Humble, Responsible, Hard Working thanks
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  • Real Estate Agent · Albuquerque, NM · Member since 2015 · 59 posts · 38 votes
    6y

    Hey Memo!

    Welcome to the forums!

    I did a similar thing (Airbnb in a Casita) on my first property to pay my mortgage. It's a solid strategy. As far as your primary house goes, be sure to also check out doing a long-term furnished rental focused at traveling professionals. I like this strategy because you can get higher monthly rent (because it's furnished) with less hassle (because it's long-term).

  • Homeowner · Las Vegas, NV · Member since 2017 · 9 posts · 3 votes
    6y

    Thanks for the tip

  • Homeowner · Las Vegas, NV · Member since 2017 · 9 posts · 3 votes
    6y

    I'm thinking rent one room out on a monthly rental lease agreement. The rest of the house 2bd ,1bth, LR , DR , Kit furnished for airbnb. With that income plus the casita income I would pay my mortgage+power+internet.get my savings rate up.

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