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Updated about 8 years ago,

User Stats

4
Posts
1
Votes
Brandon Bell
Pro Member
  • Rental Property Investor
  • Denver, CO
1
Votes |
4
Posts

Brandon new to Colorado/ Buy & Hold

Brandon Bell
Pro Member
  • Rental Property Investor
  • Denver, CO
Posted

Came across a windfall & the opportunity to continue my goal of building cash flow for freedom. Love my job and colleagues, but not the large time commitments & travel. Started 2 small companies in the past so comfortable with business risk. Just moved to Denver, bought a house (30yr fixed; VA loan). My wife & I have run a joint budget for over 5 years. We have calculated a freedom number with FI 5-7 years away. I want to reduce that to 1-2 years and now we have the opportunity to throw some jet fuel on it; very excited! Introduced to Bigger Pockets by a friend 1 mo ago & have listened to at least 15 podcasts on the bus to work. Bought 1st rental property (Mar 2017) at $200 cash flow/ mo. Buy and hold strategy for cash flow. Assuming 50% required for reinvestment, $200 is only $1200 bucks/ year - not enough. REIG in Denver, anyone?

  • Brandon Bell
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