So happy to be bringing in cash

[Mackal Smith]

I buy properties that need some rehab. Not major, but everything I have bought has needed a roof or new furnaces, or new air conditioners, (it's always something). The fact that I was buying one right after the other (25 units in a little over 2 years ... all duplexes, triplexes or 4 plexes) meant that cash flow was non-existant. I slowed down a little over the last 4 months or so and although I still have some repairs, it's really nice to be able to see some 5K to 6K returns with minimum out. 

I was on a mad track to acquire 50 units, but it is really nice to slow down a little for 6 months or so and let my coffers fill a little.  I would encourage others to do the same... when you are on a death march to acquire properties, it sometimes feels like you are not seeing any returns. Take a few months to back off and get some income... it's not a race!!