I'm very new here but I'm happy to have found this site.
I'm thinking of starting a company very soon that is real-estate driven. I want to get some advice/ consult from somebody who has successfully built monthly income from buying and renting out houses. I'm thinking of starting there (single family houses) and then to commercial properties (once I've gained more experience and success).
Some questions: Q. Is there a much more effective process than this? Scenario: I acquire property A, with a monthly mortgage of $700/ mo. I then make minor improvements and market the property for rental. I get it rented out for $1000/mo for a profit of $300. I then repeat the entire process. Is this how most investors are doing it? Or is there a more effective way out there?
Thanks in advance.