All Forum Posts by: Elmer Wayne Fisher

So what is a good method to use to grow my real estate portfolio to where it matches my current job income? 
   I’ve heard the brrrr strategy work for a few people and have been very successful with it cause they treat it like a business. 

I currently own an SFR for a little over 2 yrs now. My question is what is the best way to use the equity to go buy another property? And how long do you build value in my first home before buying another property? Reason I ask is there is another property local here that I would love to buy if the numbers present themselves feasible.
   I’m looking to move to Florida in another year from now so I also need to consider those circumstances as well. Any suggestions?

I currently own an SFR that is producing long term rentals, in fact I haven't even been to the house since I bought it 2 years ago. My management company is charging 8% but saves me a 1 hr drive when problems or basic maintenance arise.
 Regardless there is another house near lyn that I would like to buy if the numbers make sense, that being said if I buy this property it will most likely a lot of my time and energy ( and money ) to fix it up. 
  Would now be a good time to quit my current stable job and go all in on treating real estate as a business not just a side gig? 
  I’ve often wanted to own my very own business anyway. 

  Basically my question in a nutshell: at what point do you take the jump and say “I’m quitting my job and taking on real estate as my very own business?

Any recommendations on an efficient platform to use for real estate accounting like quickbooks etc. ?

Thank you for you excellent advice!

Thank you for the great advice!

 Okay Thank you for your great advice.

   Current tenant signed a one year rental lease on the single family property I own. I feel like I can create more cash flow by putting the house on AirB&B after the lease agreement runs out. 
  Any suggestions on what may be the best way to address this possibility to the tenant and is it even a good idea to release a loyal long term renter that has never paid late?