All Forum Posts by: Lauren Akins

@Jason G. Those are really good points! And congratulations on your 6! Woop Woop!

@Joe Splitrock You're fine. And yes, I am so thankful to the podcasts for teaching me about leverage. I most certainly plan on leveraging as much as possible! 

@Joe Splitrock That is a great way to look at it. Thank you for opening up my eyes to actually work backwards on figuring out these numbers!

@Bill B. First off, congratulations on your achieving your financial freedom! That's awesome! Also, thank you for sharing your experience with me. I hope to accomplish something very similar! 

@Scott Mac I appreciate the scenarios. I have heard of many of those aspects via the podcasts. My girlfriend and I plan do start off by doing what Joey and Rachel have done lol. Thanks  

@Scott Mac I really appreciate you actually breaking it down for me. Like I mentioned, just trying to wrap my head around it all. I am learning something new every day, thankfully. So I hope to be as knowledgeable as most people here at BP. 
If you don’t mind, could you share with me the more sophisticated ways to invest that you hinted at? 

@Joe Villeneuve Yeah, I realize no one can answer it for me. I was just trying to highlight where I am currently to see if others could relate and share how they've achieved their goals. What I'm really looking for are examples of peoples numbers so I can have some sort of idea. You're right though; my markets and strategies will all change with time, and I will continue to work towards figuring out what my end financial goals will be. Thank you.

Hey everyone! I am currently trying to get all my ducks in a row and have a long-term plan outlined. I know real estate investing will be the way I achieve my financial freedom. My vision of financial freedom is, of course, having my assets pay for my livelihood but also allow me to buy more assets to grow. What I'm trying to wrap my head around is a realistic number of units I need to achieve this goal. At my W-2 job, I am making around 60K a year. This amount is fine because I am keeping my expenses low. But I also know that this amount of money won't sustain me year-over-year for the rest of my life. I haven't put an exact number on what my end goal is yet, but it's more than 55K a year lol.

I'm aware that this COMPLETLY depends on the deal. What's most important to me right now is the cash flow of the deal. Appreciation and tax benefits are just icing on the cake. 

I would love to hear everyone's stories as to how many deals/doors it took for you to achieve your financial freedom and, ideally, a breakdown of what those numbers look like. Now is the time to brag! lol 

@Scott Weigel Yes, I don't mind sharing the sheets I have. If you want, inbox me your email, and I'll send them over.

@James Cameron I will definitly look to see what the formula is at the top when inputting numbers. I really appreciate you insight and reaching out. Thank you!