Do you side hustle for extra cash? If so how much does it pay?
- Michigan. A few cities west of Detroit in the suburbs. I buy single family 3 bedrooms for around 80k, rehab them for around 20k, rent them out for 1250/month, then refinance at a 120k appraisal.
Cash flow is decent, around 400 per house per month with minimal cash down due to the rehab causing forced appreciation.
- Would take too long to explain. Choose MI as it fit my investment criteria and I found trustworthy people. When I started the market had tons of deals. More people have caught on now so its harder to find, but they still exist.
End of the day I'm in tech so I chose people who are tech competent. My contractor sends me videos all the time. Realtor sends pics all the time. Electronic communication helps with out of state investing. I built my team mostly through online reviews believe it or not. I have each team member checking each others work. Like I would validate a deal with contractor, realtor and property manager. Likewise property manager checks on my rehabs. The system works well.Dec 43
- I when I worked full time I had a “side project” that ended up being a decent size company with 20 ppl. I kept working and it provides me enough money to do as I wish.
- eBay / EngseatmoreDriving for delivery services like DoorDash, Uber Eats, Postmates. I’ve made up to $45 an hour at some points.