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Updated over 7 years ago,

User Stats

9
Posts
2
Votes
Derrick McCoy
  • Cary, NC
2
Votes |
9
Posts

A Million in Assets Acquired Whats Next

Derrick McCoy
  • Cary, NC
Posted

Hello BP,

     This is my first year doing buy and holds in real estate. I managed to acquire over 1 million dollars in assets this year by purchasing properties based on the 1% rule. All of the properties collected are cash flowing enough to cover the debt by 1.25% or more. Now that I have collected the properties and able to make the monthly mortgage payments and pay the investors their agreed on percentage how do I accelerate the payoff of the mortgages to collect the full rents monthly. If anyone has some proven strategies please share with me for considerations.

Derrick

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