Hello everyone excited to be here. I've heard so many great thing about this site. Looking forward to networking and learning a thing or two!  

Unless rents increase faster, you will be forced back to work to make up for the difference in prices and your rental incomeThe city where the property is locatedMust continue throughout your lifetimeYou do not wan to run out of money during retirementThe city where the property is located (job availability)Must be reliableThe income must continue even during recessions.The tenant who occupies your property and the nature of their jobsPrices are determined by supply and demand.

Being active in the forums will also help you connect with people naturally.

I started with condos and townhouses, which I still think are a very underrated starting point, and worked my way up to full gut rehabs from there.Honest version of my story: this business came pretty naturally to me.

You are not really choosing between “debt free” and “second deal.”You are choosing between stability and velocity.Here is how I would think about it strategically.First, look at the nature of the debt.• $15k at 0 percent is not urgent.• $22k interest only LOC is risk.

From scoping out the area and knowing several residents living in these types of properties, average rent for a two-bedroom seems to be around $2,000.00/month.I have some questions, as I have no experience with the application process or landlording and would like to know whether my goal seems feasible for someone buying for the first time.1.

You need to further investigate the natural drainage on all sides of the house, and take steps to redirect as necessary, probably toward that ditch.

Not so much.Then life (and opportunity) happened.We ended up buying a long-standing, beloved restaurant in our community and are now in the process of acquiring downtown property near where it used to operate.

Real WealthThere's a natural high from seeing your property value climb.

Have a clear written process for accommodation requests and verify documentation properly.