All Forum Posts by: Byron Enamorado

The 10X Rule, by Grant Cardone. There are several amazing books out there. When I first got started, I read a couple of Dirk Zeller's books, and those were awesome. I read the Millionaire Real Estate Agent but didn't get as much out of it until I reread it a couple of years later once I already had a little foundation of knowledge.

In the middle of Wealth Can't Wait right now and it's amazing so far!

I just got done reading "Wealth Can't Wait" by David Osborn and Paul Morris - quick and easy read about having a goal and intentionally getting to it with effort. Tons of good advice in it. About 240 pages or so.

I just got done reading "Wealth Can't Wait" by David Osborn and Paul Morris - quick and easy read about having a goal and intentionally getting to it with effort. Tons of good advice in it. About 240 pages or so.

The 10X Rule, by Grant Cardone. There are several amazing books out there. When I first got started, I read a couple of Dirk Zeller's books, and those were awesome. I read the Millionaire Real Estate Agent but didn't get as much out of it until I reread it a couple of years later once I already had a little foundation of knowledge.

In the middle of Wealth Can't Wait right now and it's amazing so far!

Without knowing all the details, on property with a cost of $2,600 a month, $400 in cash flow is not that much. A 30 day vacancy has you 7 to 9 months upside down.  Selling and doing a 1031 exchange and then buying in better cash flow markets is an option.

I'd sell and capture your equity. I don't think a 1031 exchange is smart when all of the replacement deals are overpriced. By having to exchange up, and into a bad deal, you are magnifying the potential future loss if the market turns. All of my own cash is sitting on the sidelines in safe, financial alternatives. I'm waiting for the market to become sane again before I take on "equity" risk. 

Private lending may sound risky on the surface, but it's actually a very safe, secured position. The investor borrowing the money is taking on the risk. I'm either going to make a very nice, risk-adjusted return or I'm going to inherit the collateral securing the note.