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Updated over 5 years ago on . Most recent reply

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57
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Justin Thiesse
  • Rental Property Investor
  • Mitchell, SD
68
Votes |
57
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When do I decide I have enough

Justin Thiesse
  • Rental Property Investor
  • Mitchell, SD
Posted

When do I decide I have enough Real Estate. I having been buying apartments and storage facilities with money I make from flipping homes. It has snowballed into a very nice size reoccurring check each month, more than most make in a year. I know I could keep getting bigger, but I’m well past my goals and growing more would make me less efficient. No I don’t own a jet yet, that would probably be my first question if someone asked me if they had enough!

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Michael Ealy
  • Developer
  • Cincinnati, OH
3,433
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1,582
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Michael Ealy
  • Developer
  • Cincinnati, OH
Replied
Originally posted by @Justin Thiesse:

When do I decide I have enough Real Estate. I having been buying apartments and storage facilities with money I make from flipping homes. It has snowballed into a very nice size reoccurring check each month, more than most make in a year. I know I could keep getting bigger, but I’m well past my goals and growing more would make me less efficient. No I don’t own a jet yet, that would probably be my first question if someone asked me if they had enough!

Congrats man. I am in the same position as you. Although, I fix n flip apartments and hold some of them for cashflow - that's how I end up with about 1,000 apartment units. And no - I don't have a private jet yet and probably will not buy one even when I can.

To me, cashflow not the focus anymore. It's about leaving a LEGACY.

My goal is accumulate $1 BILLION worth of A/A+ assets like hotels that I can pass on to my children, and in the process of doing that, give away 50 college scholarships to help orphaned children.

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