BONUS – For Active Investors (with too much time on their hands)
If you are 1) under a million dollars net worth or 2) make less than $50k a year or 3) have a lot of free time on your hand you might want to be more of an Active investor.
I dabbled in this a bit but ultimately I found especially after 2014 when I had 11 rental properties my highest and best use was at my engineering day job which I eventually quit in 2019.
Below is a collection of random lessons learned which can help you get on the passive path.
- Pulling sellers from the MLS. What keywords are you using to find these listings? handyman, tlc, repairs, motivated, fixer, deferred, as is, needs updating, as-is, needs work, quick, repair, investor, landlord, cash, contractor,TLC, revitalize, bring offers, bring all offers, send offers, send all offers, price reflects, aggressive, price reflected, priced to sell, fast
- PreREO – https://youtu.be/3JL3u1Lbgno