The journey from 1k in monthly cashflow to 2k took 8 weeks

[JT Spangler]

I posted a thread in mid November 2015 saying that I'd finished a rehab on a duplex and brought my monthly cashflow to $1,000. That was a big moment for me, because I'm frugal. So that 1k/mo actually was enough to cover all my expenses, and I had enough cash on hand to pay off all my (non-mortgage) debt.

Of course, I wasn't getting ready to quit investing, so instead I used part of that cash to acquire a triplex in Muncie, Indiana, which adds another $800/month to my cashflow.

Additionally, I rented my recording studio (built into a detached garage behind my primary residence) to another engineer/producer here in Nashville. So we share the space and he puts another $200/month in my pocket.

Just like that, from $1,000 a month to $2,000 a month.

I think the next big jump will be a while in coming, but I couldn't be more excited at this one. I'm really hoping some of the stuff I have planned for 2016 (out of state investing, wholesaling, doing some JVs with equity partners) will work out like I expect. And I'm moving forward with an asset protection plan laid out by Scott Smith (from BP Podcast 109), so I'll have things squared away on the business and liability end. 

Thanks, BP! Couldn't have done it without you.

[Jay Redding]

Great Job JT!  Sounds like you are becoming a true entrepreneur.