All Forum Posts by: Kennedy Williams

Hi, I am in college and I live in a rural town in Texas with a population of probably 18k...Im pretty sure there are no wholesalers in this market because the only signs I have ever seen around town were mine...but I have also noticed that there arent that many cash closings or houses being sold in the past 60 days so I am trying to see if yall think it would be a waste of marketing dollars to market in this area?

I guess $150 cashflow per unit is pretty low. Maybe I should shoot for something a little higher. I guess I just don't know what the average cashflow profit is per unit.

I am 22 I live in Dallas, TX and won't have a career until I graduate in December but I do plan on saving up 10k before then to invest either in wholesaling or something else...so right now I am just trying to figure out how I want to get started and where I want to go with it. Right now my intentions would be to eventually be making 10k a month passive cashflow. Currently I am brainstorming on the potential paths I can take.

The 100 property idea was just a number that I through out, but now I realize that it would be more valuable to have 20 properties that cashflow 500 each.

Thank you all for your helpful suggestions! I love BP!

What type of properties cashflow $1000 a month? I thought the typical range was between 100 and 400.

Thank you for your speedy replies.

Is 100 properties likely aiming too high or do most people just 1031 exchange into more valuable properties? I am not sure how many properties investors usually pick up over the term of there investment careers.

Hello all,

I was wondering how most of you began your investing career. Did you start out wholesaling to get your feet wet in real estate or did you continue your career at your job and just do real estate on the side until you built up enough confidence and capital to where you were sure you could replace your job's income. The reason I ask is because I am about to graduate in December with my bachelor's degree in accounting but I believe I am already sure that real estate is what I want to do. I don't believe it is possible to place 100% of your efforts into 2 separate goals.

All ideas and suggestions are highly appreciated.

Thank You.

Hello everyone,

I was wondering what most of you real estate investors would consider the "ideal" number of properties to be able to quit your job and live comfortably without having the NEED to pick up another property. Lets say each property brings in a net profit $150 cashflow every month.

All answers are highly appreciate.

Thank you all for your helpful tips. I really appreciate all of them.

Hello everyone,

I am new to bigger pockets and just discovering the AMAZING potential to have financial freedom through real estate. I have been researching alot and listening to alot of podcasts and I am really looking into taking this opportunity to build wealth and success.

I am currently a 22 year old senior in College I plan on graduating with an accounting degree this upcoming December. After learning about real estate I really feel as if I don't even want to use my degree and instead just go into real estate. I have a wholesaler in my area (Dallas, TX) that I was thinking about getting mentored by for a year. He has been doing it for a few years and I believe I could learn a lot from him. He charges $3000 up front and then we partner up and split all of my deals for a year. He also lets me receive my 3k back on my first deal before we split the rest of them. I am not sure if this is a good deal or not. My other option would be to find a job as an accountant and try to invest on the side. I plan to save up enough money (Im not sure how much I would need to be secure) to purchase my first investment duplex (stay in one unit and rent the other unit out). In 7 years I would like to have enough passive income to where having a job isnt a necessity. I feel like I have a lot of potential and drive to be successful but I am just not sure how I want to start off. Any tips or suggestions from all of you successful individuals would be greatly appreciated. :)