If you want to buy
more rental properties with this approach, you have to do it the old fashioned way — save your money for a down payment!
I've learned that I
need more rental properties, and that I need to automate and outsource more of my blog to obtain more passive income in that arena.
I am interested in anyone's opinion on this one and if I made a mistake or the right call: I've been sitting on cash since May with the intent to buy
more rental property so that I can use the depreciation to offset other rental income I don't need today and in 15 - 20 years to have a solid stream of passive income.
Tal advocates a free enterprise system where landlords charge what the market will pay, which would send market signals that convince others to
build more rental properties.
I am not sure how
many more rental properties I will purchase (if any), but I will keep the total exposure to real estate (including rental homes and these hard money loans) to under 25 percent of the portfolio.
In 2 years I PCS out of San Diego and will hopefully live somewhere cheaper where I plan to acquire at least 2
more rental properties through the use of the VA loan.
It was funny when we filled out the rental application on the part about landlord references... we
owned more rental property than the person we would be renting from... that 1 year of rent proved to be money well spent in my opinion.
Watervliet, Waterford, Niskayuna, Wynanskill tend to have
more rental properties with less renovations needed, and I don't think you'll have a problem with a budget of 150k.
My main goals are to minimize taxes, report my rental income in such a way that my future purchasing power is increased as quickly as possible, and plan for the future as I plan on
purchasing more rental properties (not super soon but within the next year or two).
Goals this year are to buy a very large apartment complex of possibly 44 units and continue to invesment in real estate
buying more rental properties and doing a flip somewhere in between.
It's paying for itself, and it's putting money in your bank accounts, which you can use to buy
more rental properties that generate cash flow.
If there are so much more people, why
no more rental properties are being built?
Many communities where schools are struggling don't have strong or existing business sectors and
more rental properties than home owners.
Lindsay: I'll have more books out, but I am to the point now where I'm probably going to be getting into real estate and buying
some more rental properties.
We own two homes and want to buy
more rental properties.
My intention is to remain in the Holdfast Phase indefinitely once we can accumulate enough passive income to support beyond our typical living expenses... we need
some more rental properties!
I will continue to learn from the real - estate-wise blogging friends and hope to add one or
more rental properties to my portfolio at a later date.
We may, like you, tap our equity to buy
more rental properties, once our cash reserves are gone.
Would I be willing to borrow against home equity and use that money to buy
more rental properties?
I'm doing the opposite, as I leverage more to be able to purchase more rental property
Real estate investors with ten or
more rental properties can simplify insurance management by combining all of the holdings onto one policy form, with one renewal date and one payment schedule.
Im with you @Bobby Beard I have gotten rid of most of my «doo dads» to invest in
more rental properties.
If there are so much more people, why
no more rental properties are being built?
I suspect if the economists that says there will be an adjustment down with prices are correct, it will be an opportunity for someone like me to snatch up
some more rental properties and just get wealthier over time.
There were
more rental properties on the market in the second quarter of 2017 than at any point since early 2014.
At this point I am not interested in
any more rental property or leveraging.
Generally speaking, if you have a personally - owned business, or personally own two or
more rental properties, you can deduct reasonable car expenses on your personal tax return.
My goal for 2015 is to renovate my apartments, raise the rent, cash out refinance then buy
more rental property.