All Forum Posts by: David Zheng

 Hahah! I'll pipe up on posts like this because then I get all hype to do more for myself especially when I see there are other people like me. It feels like a competition and I thrive in that environment. But in reality Jay, I'm just trying to catch up to you first ;) Please do share that experience when it comes (with pics). Can always use inspiration!

I used to resonate with this feeling a lot. For example... at first I was like I'll just have 1 super car but now I'm telling myself why can't I have a bmw i8 with my lambo.

the answer I found wasn't to spend less. that's hard once you've inflated your lifestyle. in my mind the only way to do it is to make MORE. its more motivating to try and chase something than give up what you have.

for myself I never compared wealth to what other people thought or any static number. I compared it to what I wanted. private jet charters, yachts, beach houses. I'll track these prices and as inflation/price goes up, so do my monthly cashflow goals.

This Story is fcking AWESOME. I'm totally inspired now. congrats and keep up the grind :)

now THAT is a return

if there's no match you can do better

I got American Home Shield for 1 rental....TOOK THEM 4 MONTHS TO REPLACE A DAMN FURNACE.

Keep lowering your price...are other similar properties around you selling with the same HOA? if yes, copy and paste.

if not, adjust to be like them or better

its literally just a question about risk tolerance and timing. Personally. I like growing fast which means more risk but much richer rewards. I just went under contract for  a triplex today bringing my total units to 35 in 3 years.

I certainly like the idea of having 0 mortgages, but owning less than 100 units before I'm 30 is not flashy enough :P

as far as bank allocations I have 4 accounts. income/expense, management, CAPEX, and Deposits

my breakdown is of cost to rent is

10% CAPEX, 5% Vacancy, 10% Management, 2% maintenance/LLC, and General utilities I calculate on a property to property basis.

Congrats!! I totally wish I could get a house like that for 220k around me haha