All Forum Posts by: Carl M.

Can anyone recommend an app for tracking business expenses and saving receipts? Looking for something where I can scan receipts on my phone and categorize them by project. I use Evernote a lot and may just use that but I am sure there is something out there that is better. 

Found a nice 3/1 property in a nice area with a lot of potential. Only downfall is that it has a walk-through bedroom. Not sure if I would flip it or rent it. Would love to hear any thoughts and opinions on walk-through bedrooms.

 Hey Anthony. Thank you for your reply. Maybe you can explain what you mean by leveraging that money for financing. Not sure if I know exactly what you mean. Are you talking about lending that money to other investors?

I would love to hear some advice and thoughts about diversifying my investments by selling stock to buy houses cash to rent out. It sounds good in theory. I will own the home free and clear and generate immediate cash flow. I talked to a friend of mine who's strategy is to pay cash for single-family homes and rent them out aiming for a 12% return before expenses. For example, if he pays $100,000 for a single family home he expects to rent it for $1000 per month. He owns 14 homes this way. I have limited experience. We have flipped eight homes in just over two years. We've done well doing this. I'm definitely looking to create some passive income and a little more freedom in my life.