Offsetting this slightly my wife's brother is renting a room from us at $300/month so that brings our expenses down to $3700 currently.My ultimate goal after reading "Set For LIfe" & "Rich Dad Poor Dad" is to eventually get this down to $2500/month, and then start saving money to invest in BRRRR.

With this strategy it's important to have cash budgeted in order to ride out a year or two of low returns/even negative returns as I rehab, but if done right leads to big profits in years 3-5 with appreciation easily in the 6 figure range and great eventual cash flow thanks to rent increases.

They converted the dining rooms into bedrooms for themselves and got roommates for the other four rooms.They only put down 3% through an FHA loan cosigned and funded by them and their parents, who were getting to keep the rental profit and a portion of the resale profit (I don't remember that number being mentioned.)

Eventually we want to be real estate solutionists fulltime.

I'm Thomas and could really use some guidance on protecting and eventually receiving my share of equity in the marital home.

I’ll be looking to do some deals down there eventually, so feel free to shoot me a message if you ever want to just talk!

BY THE POWER VESTED TO THE GOVERNMENT BY THE GOVERNMENT...I, the government, enact eminent domain.Los Angeles city officials are considering a plan to force landlordsto sell their buildings in an effort to keep rents low in key neighborhoods.Councilman Gil Cedillo last week said he was asking the Board of Public Works to consider using its eminent domain power to take over a 124-unit Chinatown apartment building from a landlord who wants to convert the building into market-rate."

There were many homes in the midwest where the second floor was an attic and was converted to a second floor, but the joist are way undersized.  

There is a new program out there called fix to rent for 1 to 4 families that when you are done you can convert to a permanent loan with no seasoning.

We have high hopes of eventually getting into buy and hold on bigger properties.