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All Forum Posts by: David O.

David O. has started 47 posts and replied 143 times.

Post: Forming a strategy versus receiving opportunitties

David O.Posted
  • Property Management/ Investing
  • Kansas City, KS
  • Posts 159
  • Votes 27

I liked episode 60, it was my introduction to BP. I agree with you Mark I didn't feel like it was duplicatable in my situation. I got the feeling that this is a very full time "job" for Serge.

Thanks for the encouragement Josh. I will definitely start following some posts.

Post: New Member Kittery Maine

David O.Posted
  • Property Management/ Investing
  • Kansas City, KS
  • Posts 159
  • Votes 27

Hi BP community,

My name is David and I am happy to be a new member of the community. I am a big fan of financial freedom...I have a business in southern maine providing financial services and the more I have researched, real estate seems like a powerhouse for generating wealth.

I became an accidental landlord a few years ago when I had a business that failed in Vermont and I needed to move to South Carolina for another business opportunity.

I am 29 years old and and have 3 awesome kids that my wife and I homeschool. With the passive income stream I am creating , I would like to be able to do a lot more traveling with the little monkeys. I try to stay excited in life.

I hope to describe myself when people ask what I do to generate income as "an investor". I decided thats the most bad *** job title you can have.

Its a really great feeling putting together a deal and helping my family and our friends all make money.

Lets all get free!

-David

Post: Forming a strategy versus receiving opportunitties

David O.Posted
  • Property Management/ Investing
  • Kansas City, KS
  • Posts 159
  • Votes 27

Hi All,

Let me start with the end in mind: I will produce a $20,000 per month passive income and $5,000,0000 net worth by March 11 of 2019.

1. I have some money to invest starting out 20k- 50k.

2. I already have a business that occupies a lot of my time and don't want to create another job for myself. I am willing to invest up to 10 hours per week to set up the real estate portfolio but would like to be systems focused.

I would love to hear some tips on what strategy to follow to produce this cash flow/ net worth result in real estate?

Anyone producing similar results or with similar goals?

Does it make since to start with a strategy or just start looking for deals that the numbers make since on?

I am blessed with a good business in financial services that allows me to support my current lifestyle so over the next 5 years I should not need to pull anything income wise from the Real Estate.

Look forward to your response,

David