All Forum Posts by: Jacob Desch

@Jake Fugman I didn't know that, very cool! I'll have to look into that..thanks!

@Jake S. That's a great point. I guess what matters most is your investment approach...

Not to mention their return on equity would just get worse and worse as time goes on - stagnant equity is never a good thing in my opinion as far as SFH and duplexes go. Get that money moving!

Hi all, 

I recently came across an Realtor/Investor on YouTube who shared their simple, but seemingly effective investment strategy and I was wondering if anyone else had heard of/ uses this strategy as well....

The scenario was that they initially bought a SFH or duplex and used all net cash flow to pay down the debt on that property and then once they paid that off they purchased another and used the net cash flow from both to pay down the debt on the second property, then bought a third and used net cash flow from one and two to pay down three and so on...

The snowball effect is clear here but it seems that it would take quite a bit of time to get things going especially if cash flow from the start is only $100 or less a door.

I have seen other investors use all available lines of credit (personal, business, hard money loans) in addition to cash flow to pay off properties as quickly as possible to then increase cash flow and start buying up property at a very high rate. 

Thoughts? 

Best, 

Jacob 

@Emily Bo I recently joined eXp Realty here in Cincinnati. The guy that helped me join has quite a few residential rentals and some mixed use commercial space. He was a broker himself and then decided to join eXp. From what I've seen they are welcoming for any type of agent. 

Hi all,

I'm 24 and a newly licensed Realtor in the Cincinnati, OH area. It's a great market with a lot of opportunity but I have very little capital and would most likely not qualify for a loan from a traditional lender. I feel that I've educated myself enough over the past few years to confidently be able to purchase a rental. 

Is it a poor/too risky plan to use hard money to purchase my first rental? Is there value in waiting and using my own capital at least for the first investment? 

Best,

Jacob