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Updated over 4 years ago, 06/29/2020

User Stats

7
Posts
3
Votes
Darsh Makim
3
Votes |
7
Posts

How to get started when you have a lot of cash?

Darsh Makim
Posted

I know this question is contrarian to most new RE Investors, however, over the last 15 years, I have been an investment advisor and have been able to create an unbelievable business that cash flows extremely well. If you add my wife's income, we are crushing it. With all that said, we are also crushing it from the tax perspective as well. Meaning uncle Sam is making bank from us! I have found that because of the amount in taxes we pay, the collateral I already have (primary house and 3 rentals), and my personal cash flow (DCR) the banks LOVE me. They are willing to do things for me that they wouldn't do for other folks. For example, cash-out refi to a term loan before I even have a renter (or the property is seasoned) because I can pay cash for the whole deal straight up and 3 more the same way.

I have dabbled in real estate on and off for the last 20 years, but now I am really committed to making things happen as I am looking to transition into the industry and take advantage of the tax loopholes Real Estate has to offer. My question is simple, how do I grow my Real Estate empire EXPONNTIALLY? I mean with what I have, I should be at 100 properties, because I don't need the cash flow, and as long I am capturing equity and covering my DCR, I have a bank ready to work with me. Any and all suggestions, comments would be very much appreciated.

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