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All Forum Posts by: Douglas Skipworth

Douglas Skipworth has started 225 posts and replied 1239 times.

Post: Did you read Rich Dad Poor Dad?

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

That's awesome, @Brandon Vukelich!  

My son plays the online version of the Rich Dad Poor Dad Cashflow game.  It's very a powerful teaching tool.  I've got my CPA license and he already has more practical knowledge of balance sheets and income statements than I did when I finished undergrad!  

Post: How to avoid lowball offers

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

If you need to sell right now, what are you doing to prevent low offers from other investors?

If you want to learn more about selling properties (or about buy and hold, fix and flip, SFR, turnkey, small multifamily, hard money loans, or property management in Memphis), please subscribe on YouTube or Facebook. Each week @Dean Harris and I cover it all!

Post: Did you read Rich Dad Poor Dad?

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135
Quote from @Justin Suyama:

I've read it a couple times and listened to it recently with a friend. I'm working to get out of the rat race by investing/partnering (as a general contractor) with others in the Air BNB and Adult Family Home markets in the greater Seattle Tacoma area. The goal is passive income and using my assets as leverage to purchase more. 

Congratulations, @Justin Suyama! You're living out one of my favorite concepts from Rich Dad Poor Dad - "keep your day job and mind your own business" from Ch 3.

As you know, if you keep your personal expenses below your personal income then you'll be able to invest in assets that generate their own income! The first question my 16-year-old son asked after he read the book was, "Why doesn't everybody in the world do this?!"

Are you able to get some ownership in the assets just by contributing your time and skills (ie, sweat equity) or do you have to put up cash? Getting an ownership interest in an asset with little (or none!) of your own money down can be an amazing way to build wealth! That's what I attempt to do whenever I can, especially in Memphis real estate.

Post: Did you read Rich Dad Poor Dad?

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

My son and I just read Rich Dad Poor Dad together and I was reminded how important it is to generate enough passive income to get out of the "Rat Race."  

What are you doing to build your asset column and get onto the "Fast Track?" 

Personally, I started with buy and hold rentals in Memphis a couple of decades ago and it's made all the difference.

If you want to learn more about passive investing in general or Memphis specifically, please subscribe on YouTube or Facebook. Each week @Dean Harris and I cover it all!

Post: What gives you economic strength?

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

Does a large portfolio of buy and hold rentals give investors more opportunities?  1,000%!

If you want to learn about buy and hold, fix and flip, SFR, turnkey, small multifamily, hard money loans, or property management in Memphis, please subscribe on YouTube or Facebook. Each week @Dean Harris and I cover it all!

Post: Do you have an exit strategy?

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135
Quote from @Engelo Rumora:
Quote from @Douglas Skipworth:

If you're building a real estate portfolio, be sure you have an exit strategy.  Without one, you're not in control.

If you want to learn about buy and hold, fix and flip, SFR, turnkey, small multifamily, hard money loans, or property management in Memphis, please subscribe on YouTube or Facebook. Each week @Dean Harris and I cover it all!

How is my favorite American doing? hehe

Long time, no speak mate 🙏❤️

@Engelo Rumora, my man! It's been too long. You're overdue for a trip back to Memphis!

Post: Do you have an exit strategy?

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

If you're building a real estate portfolio, be sure you have an exit strategy.  Without one, you're not in control.

If you want to learn about buy and hold, fix and flip, SFR, turnkey, small multifamily, hard money loans, or property management in Memphis, please subscribe on YouTube or Facebook. Each week @Dean Harris and I cover it all!

Post: What not to do in Memphis

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

I made this mistake and you shouldn't have to.

If you want to learn about buy and hold, fix and flip, SFR, turnkey, small multifamily, hard money loans, or property management in Memphis, please subscribe on YouTube or Facebook. Each week @Dean Harris and I cover it all!

Post: great BRRRR property in Memphis

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

Are you looking for a great BRRRR opportunity? This is it for one lucky investor!

If you want to see more deals like this or just want to learn about buy and hold, fix and flip, SFR, turnkey, small multifamily, hard money loans, or property management in Memphis, please subscribe on YouTube or Facebook. Each week @Dean Harris and I cover it all!

Post: How to avoid real estate investing danger

Douglas Skipworth
Posted
  • Rental Property Investor
  • Memphis, TN
  • Posts 1,315
  • Votes 1,135

Do you want to avoid the dangers of investing in real estate? @Dean Harris explains how you can in less than 1 minute.

If you want more tips like this or just want to learn about buy and hold, fix and flip, SFR, turnkey, small multifamily, hard money loans, or property management in Memphis, please subscribe on YouTube or Facebook. Each week @Dean Harris and I cover it all!