All Forum Posts by: Louis P Lessor

It very easy to do, it just begins with finding the strategy that does not add to much to your plate and allows you to have that balance. 

I did house hacking and still doing it and to start I hired a property manager to both learn from and to allow me to continue working full time until I was able to take over managing the property. 

That property manger was even able to help me find a off-market deal to help me continue building up my properties. 

I agree with Jonathan, MTR are turning into more then just nurses, its insurance, big companies putting up their C level to just people looking to stay longer in a area and want a nice place to call home without a fixed lease. 

With nursing, I would establish a connection with both the hospital, placement services along with posting it on traveling nurses sites. 

Congrats on getting the property early and for putting in the grind to get the property in a better place. 

Keep up the hustle, good things never come easy in life. 

Congratulations on the first rental and all the knowledge you have gained from it to set you up for the next property. 

I'm looking forward to hearing how the second one turns out and which way you decide to go. 

These are very interesting insights; thank you for sharing, and it is always great to learn additional ways to build wealth. 

As others have said, great things take time. But some advice already said.

1) Learn how to reduce your expenses

2) Pay every month like you would be a tenant 

3) Find other ways to make additional money - does it have a guarge, maybe rent that out for extra cash flow? 

Another way to find deals - is to look for seller finance and negotiate but remember to keep in mind to never live above your means. 

Thank you for sharing your experience with section 8. I have never considered this avenue, but based on what you wrote, there are many good reasons to look more into it. 

I created my LLC using an online service and had a lawyer review it to ensure I was fully protected and set me up for long-term business success.

It was also great to build my network and the lawyer ended up sending me some deals that came through. 

Everyone is correct about having a little extra money in the reserves just in case something happens. 

I have been house hacking for the last four years, and it's a great strategy for building wealth. 

What helped me the most was getting clear on your real estate goals and being flexible about those goals, as new opportunities will arise to build your wealth through real estate. 

@Grant Schroeder; he does a great job of finding ways to make things happen.