All Forum Posts by: Mark Loberger

not sure what you're asking. if the question is "when do I spend the net profits from my real estate portfolio on something other than real estate," that is going to be very personal to you and your own situation.

I'll also just state that it's very tough to cash flow right now with interest rates where they are. i still encourage people to get into investing but the market is not where it was 5+ years ago. it's going to be more difficult to replace active income with passive income, at least initially. but the second best time to plant a tree is today.

I'm trying to lay out the game plan for my partner, so they can understand the process. I do understand that it will not be coming quickly, and I'm not trying to plan for what to spend on. It's more for the knowledge of the steps that would be if that makes sense

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I've been working on my game plan of becoming a rental property owner to start building my passive income.

I understand the beginning process of starting small, knowing it will grow slowly and be difficult. I have an opportunity to start with a multi-unit property from a family member and use a 1031 to start up the accumulation of more properties. But as I lay out my game plan for them I want to explain the process of the benefits of the passive income.

So my question is, when the time is right and we can begin using the passive income for something other than the exponential growth. How is it used? Is the line of credit from the equity the goal? Do I put part of the proceeds collected into an account and begin spending from there? Ultimately I aspire to be able to working on my property management full-time.

Any thoughts or sharing of experiences is greatly appreciated

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All Forum Posts by: Mark Loberger

Mark Loberger has started 1 posts and replied 2 times.

Post: What is step two?

Post: What is step two?