All Forum Posts by: Julian Hendrix

@Corey Hawkinson I don't know about crushing it That's just the bills which are far more than what I make. And I don't like being responsible for employees I much rather be working with contractors

@Corey Hawkinson @Mark Fries

I'm not looking for financial freedom so much as more money per month. I enjoy working and Right now I manage about $15,000 worth of bills each month so manging bills isn't really a big deal to me. I plan on using property managers for most of the apartments I get, so I'm not worried about the calls in the middle of the night and I enjoy working with contractors and finding solutions to fixer uppers. It all just seems like a good fit. What else should I be worried about? I want to get it to about 50 doors at 100 to $150 a door That would make a really big impact in my life right now what do you guys think is wrong with that strategy? I love hearing the different opinions and learning from other peoples experiences.

@Alan Nelson ahhh very cool I like this exit strategy.I'm not looking at doing this business forever especially with with minimum wage going up it might be a lot tougher to make a buck so selling it off has been in the back of my mind.

@Alan Nelson I like this idea of splitting my business into 2 separate entities. What kind of benefits will this give me in investing. Also it seems that you didn't finish you sentence you said "the Bank can call in the LOC at any time so don't..."

@Jill F. Thanks for the reply this really opened my mind I think I'm starting to see how it works, so did you get your first 12 mortgages with traditional financing like FHA? Did you do as others have said and use several of the homes bundled as collateral for your new homes purchase?

@Michael Maurice I am actually looking to purchase multi family homes. I have a few 5units for sale in my area that are under 100k would this make a difference?

@Marcus Auerbach so if I'm understanding you correctly, after I get cash flow from the properties I can use that cashflow as my qualifying income and as a down payment for the 20-30% I'll need for a down payment?

@Mark Fries thabks for the reply, any suggestions on books?

Is there must be something that I am missing, but from what I read you can only hold 4 or so refi building at a time so how do I use the BRRRR method to get to 50 units?

@Jordan Berry what is your website?