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Updated about 4 years ago on . Most recent reply
The Goal: Leave my kids with as much real estate as possible!
Before BP, I was just content with having 5 properties pay themselves off... but now I want to absolutely CRUSH! IT! What a great, motivating resource!
So... Are there any wise words out there for guy with $60K to play with? I'm in a Chicago suburb where my sweet spot is pretty thin right now. (at least according to Zillow). We've got 3 single families on 15 yr notes with a little cash flow... and 1 we just purchased one a 30 yr. cash flowing $300/mo.
Definitely open to anything... Thank you!!!
Most Popular Reply
- Real Estate Broker
- 3412 S. Harlem Avenue Riverside, IL 60546
- 5,059
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@Matthew Krueger you are in a solid spot, so be careful trying to hit a grand slam right now. Maybe look to do a 1031 exchange into some larger properties that provide more cash flow? I am a big fan of trading up over time, and I think the buy and hold strategy will never work as well as the buy and hold with a trade up component. Reach out to @Lauren Speidel. She handled my 1031 exchange recently and can break down the benefits of the 1031.