I have a client who has a piece of property that has a 99 year triple net lease and generates currently $20K a year.

To generate these figures, I combined the seller's proforma numbers with research of my own.

Making offers on the MLS or to FSBOs where there is no seller or property distress is not likely to generate a 65% of FMV deal.Find a screaming deal and the money will follow. :)

I'm relatively new as a real estate agent (>10 transactions) and I wanted to see how other agents went about their lead generation.

Secondly, I started thinking there has to be additional ways to generate income from the property.

If your AGI is under $100k and the rentals are generating a passive loss, you can offset some of the ordinary income with up to $25k of passive losses.

I would run a random number generator once and play those numbers for ever.

I feel like it is still a great way for me to learn about the REI business and generate a little revenue to use for future business.

I've also heard (and it makes sense) that you should complete the Exterior first to gain the curb appeal to generate early interest.Well...I have a craftsman style house and the top half of the house is aluminum siding.

I have educational experience in real estate from reading and attending forums, to dedication to growing wealth for generations to come.As a child I have always been amazed at various structures. houses and commercial buildings, and today starts a new journey.