All Forum Posts by: Justin V.

@Chris Hughes

Hi Chris,

It sounds like you are making money and ready for more. I say leverage your existing properties and keep on rolling. I’m pretty green yet, but a big fan of the “leverage to quickly hit my freedom number” mentality. I’ve seen the power of a brrrr and hard work from my first property property rolling into the purchase of my second.

My friends sometimes ask me if I plan to pay down my properties, so I put it probably a little too simply (without some factors). Let’s say I cashflow on 1 duplex property 1000 per month with a $1000 mortgage. I can pay that note down and cashflow $2000 per month. Or I can get 4 (25% down each) of that same duplex, cashflow $1000 each ($4000 total) and let the tenants pay down 4 mortgages in the same amount of time.

I’ve played with the idea of doing a vacation rental, because I know they can earn 60% more per month, but I’ve stayed away from it figuring it’s more like 500% more work.

Just my thoughts based on my very limited experience, but good luck in whatever route you decide!

-Justin

@Nathan Killebrew

I have a list of favorites but many have a similar tone:

Those at the top of the mountain didn’t fall there. — Marcus Washling

The only thing standing between you and your goal is the ******** story you keep telling yourself as to why you can't achieve it.- Jordan belfort

"You can't have a million-dollar dream with a minimum -wage work ethic." -- Stephen C. Hogan

You're not tired. You are uninspired.

We've got another day, so let's maximize it.

If we strive for perfection, we can achieve excellence.