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Updated about 10 years ago on .

User Stats

62
Posts
12
Votes
Joe Conklin
  • Investor
  • Blackwood, NJ
12
Votes |
62
Posts

Speed of Aquistions

Joe Conklin
  • Investor
  • Blackwood, NJ
Posted

Just listened to Grant Cardone's podcast and was very impressed.  One thing he mentioned is that he puts all of the money he makes from his other business's in to RE.  It doesn't seem like he left himself much in reserves in the beginning.

Just purchased my first rental property two months ago and things are going great and I'm looking for my second.  I want to be very aggressive in my acquisitions, just not stupid aggressive.

My financials that I don't plan on touching: Employer 401K match, 3x rent reserves for my rental property, 6 months reserves for all living expenses.

I am willing to invest all other money into RE.  I am not opposed to risk because I don't support anyone other than myself and I make a decent salary.

Does this seem like a good plan?  I'm interested to hear what others have to say about this topic.