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All Forum Posts by: Justin Scott

Justin Scott has started 10 posts and replied 68 times.

Post: Dividing your business into 5 areas

Justin ScottPosted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 69
  • Votes 29

@Ned Carey makes sense. Thanks man

Post: Dividing your business into 5 areas

Justin ScottPosted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 69
  • Votes 29
Originally posted by @Ned Carey:
  • Acquisition
  • Financing
  • Property management
  • Leasing and tenant retention.
  • Administration

 That is a pretty good break down. Which one of those would include understanding the market?

Post: Dividing your business into 5 areas

Justin ScottPosted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 69
  • Votes 29
Originally posted by @Ilidio Cardoso:

property management is definitely one. 

 Thanks man. 

Post: What to do with my cash flow?

Justin ScottPosted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 69
  • Votes 29
Originally posted by @Ali Boone:

It's totally up to you. It's always smart to save it to have a nest egg and reinvest, but if you need it for other things, use it for other things (but have that nest egg). Best thing is to save what you can and keep investing. Snowball all the returns.

 That will be the plan. Just wanted to make sure it wasn't something particular that i should be doing with it other than saving it. 

Post: Dividing your business into 5 areas

Justin ScottPosted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 69
  • Votes 29

If you were to divide your real estate investment (mainly focused on buy and hold properties) company into 5 business areas, what would they be?

Examples of business areas: marketing, acquisitions, etc

Post: First Timer Looking for Rental in Jacksonville

Justin ScottPosted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 69
  • Votes 29

@Kevin T. Do you normally have properties for sale after being renovated? I'll be looking for a rental property in a couple of months. Looking for cash flow of 150+ including a property manager fee and 8%+ CoC return.

Post: What to do with my cash flow?

Justin ScottPosted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 69
  • Votes 29

@Matthew Paul sounds good to me. That’s man.

Post: What to do with my cash flow?

Justin ScottPosted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 69
  • Votes 29

@Alexander Felice that’s the plan, just didn’t know if people were doing something special with their cash flow 

Post: What to do with my cash flow?

Justin ScottPosted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 69
  • Votes 29

Hypothetical Situation

I just purchased my first rental property, and it is cash flowing 200 a month.

The ASK

What should I do with the cash flow from this rental property?

Post: Driver for dollars to cold calling

Justin ScottPosted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 69
  • Votes 29

@Shawn Ackerman a couple people have mentioned that so I know it’s worth looking into. Thanks.