We actually scaled from 4 to 21 properties in just 17 months without using much of our own money, and it was all through OPM (Other People’s Money).I’m doing a free webinar next week breaking it all down, real strategies, real numbers, and how you can get started even if you don’t have a lot of capital.

This is a unique situation, breaking it down, my dad purchased home in the Norfolk, VA area over 5 years ago for $49,000 cash.

Sure, $200 bucks a month is cool,  but I'd rather a property that essentially breaks even on rent and all expenses and appreciates 10,20, or 30K annually.  

@Adam Moore Let do some calculations.PP $390KSP $500KCC $30K Closing costs, commissions, etc.Profit $80K Tax free since you can use the 121 Exclusion.Rental IncomeIncome $3200Expenses $2200Cash flow $1000 or $12K a year (Very good and with the new Big Beautiful Bill, lots of tax write offs)You would break even in 6.6 years if nothing else happens to the unit. 

My wife and I are new to the forum and community (long time podcast listeners), interested in finally breaking through and buying our first rental property!

I’m currently on summer break and really want to do something like an internship or just get a feel for the day to day life of a real estate investor, how they find and close deals, how they run things, and just learn up close.Books and videos help a little, but I feel like they only go so far.

If you’d like, we can provide a Capital Gains Strategy Guide that breaks down all these steps with visuals, gifting strategies, and tax-saving examples.

The 1% rule is a useful guideline but not absolute, some markets have different cash flow dynamics, so look at the bigger picture including appreciation potential.Since you’re coming from NYC, also consider how you’ll manage the property, local property management can make or break your experience, especially when investing out-of-state; or do you plan to self manage? 

So if there is a party breaking noise ordinance call the police (generally use non-emergency number), our town will be on those infractions (Mainly it is a revenue source for them).

Let’s break it down, including the tax implications, so you can make the best decision for your future:No Inheritance Tax: You’re not responsible for any inheritance tax.