All Forum Posts by: Account Closed

Simple.  It is a business model and there is money to be made.  

See this thread:  https://www.biggerpockets.com/forums/48/topics/623...

How passive is that?  

Sounds like an amazing cash flow machine - for him.  $700/month from each member that requires very little work on his part.  The perfect system...  

@Noel R.

Definitely keep us posted on your experience.  

Disclaimer:  I have never heard of M1 and I am starting out in RE.  

Short answer.  I would not spend $700/month for access.  I do not know your financial situation, but what is $700/month to you?  

If you decide to spend $8,400/year on this, how will you determine if you are getting a good ROI?

@Christopher Christian

I'm sure you will make the right decision, but have you been accepted into a program?

@Rob Ritter

Fellow RN here.  I just sent you a PM.

@Maurice Blackledge

I recently closed on a turnkey property last month.  Received my first prorated rental income today.  November 1 is my first entire rental income.  I found the turnkey process manageable during the buy.  I will find out how it is after the buy now.  

Feel free to PM me if you have questions.

-Aaron

Disclaimer:  I am just starting out in RE, so bare with me.  

My father owns a piece of commercial zoned RE in Little Rock, AR.  He ran a small restaurant out this place, but no longer is in business.  The property is located on John Barrow Rd.  There is no mortgage and it is currently rented out to a pop-up restaurant on a month to month basis.  I seriously doubt this restaurant lasts that long, so I would not count on this income.  The last time I checked, comps valued the property around $90k-$100k. 

What would you do?  Would you figure out how to consistently cash flow the property and purchase it from your father?  Encourage your father to sell?  

I will definitely try to make it.  

@Brice Poole

Come up with a operating agreement that includes entrance and exit strategies for each property you purchase.  You two seem to have different risk profiles.