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Updated about 8 years ago,
Goal of $10,000+ monthly passive income while in school
Hello everyone, I am a big fan of the podcast and I've been really motivated recently to get involved. I've lived a mediocre life and I want to secure my future while I'm in school. I want to know, actually I already know, I just need some some starting advice on how to start rentals and the numbers I need to look for. There is a local real estate agent who asked for for help in getting possibly duplexes or quadiplexes to start. I need to do my first deal and I know I will keep going from there, I am a true hustler and I wanted to make sure my life, my future and my family are secure from here on.
In terms of starting cash, I know my parents will be able to help me find the down payment of maybe five to $10,000 in my first deal however I do want to just keep going from there on my own, repay them back their initial investment and just continue this effect of purchasing, building wealth and equity, refinancing and continue buying.
I am currently reading Rich dad, poor dad and as I have been listening to the incredible podcast, I've been writing down names of books that house and just have been mentioning. I will definitely continue to educate myself and continue to learn, I just need to do my first deal and get my feet wet.