I bought a Triplex for $95K without a job in another state. Here's how I did it in 3 easy steps:
Step 1: Pick the right city that allows you to find cheap and profitable homes
You’ll never find a cheap house if you are looking in an area where homes are super expensive
If you're going to own rentals, get insurance built for landlords — not a regular homeowner's policy.
NREIG is what I use on my own properties. Get NREIG here: https://t.co/pC6XUBPn6o
Real return on this one property:
Cash flow: $1,989
Principal paydown: $310
Appreciation: $2,440
= ~$4,739/month
Cash flow is one of four ways rentals pay you. Miss the other three and you'll undervalue every deal you look at.
I use NREIG for my rentals.
They're built specifically for real estate investors — so the policies actually cover what matters (loss of rent, vacancy, multiple properties under one program).
Set it up BEFORE you close, not after something goes wrong.
https://t.co/pC6XUBPn6o
My dad walked into my office and said: "There's a fire at one of our properties."
Old me would've spiraled for the entire weekend.
New me was calm and collected.
Here's what 7 years and 20 units taught me about staying calm when things go wrong 🧵
That's the difference proper insurance makes.
Most beginners grab the cheapest landlord policy they can find online and move on.
Then something happens — and they realize the policy doesn't actually cover what they thought it did.
Costs them thousands.
I lost money on some of my rental properties last year.
Rent collected was less than expenses.
But here's the thing — I didn't actually lose money.
Let me explain 🧵
@NREIGsocial TL;DR:
• Negative cash flow ≠ losing money
• Appreciation + mortgage paydown can more than cover it
• But still protect yourself with conservative rents, reserves, and insurance
• Don't quit your job too early
Repost this if it helped ♻️
I lost money on some of my rental properties last year.
Rent collected was less than expenses.
But here's the thing — I didn't actually lose money.
Let me explain 🧵
A company like @NREIGsocial specializes in insurance specifically for rental property investors.
One bad event without coverage can wipe out years of cash flow. Don't let that be you.
Check them out → https://t.co/pC6XUBPn6o