All Forum Posts by: Marion Nicholson

Yes all do. Only time they don’t cash flow if they are vacant.

I would Buy a few Properties or multi familiy and say produce 2k or more monthly cash flow and use all that to finance the basement renovation and increase in monthly mortgage payment

Congrats! Hire a great management company and keep going

Welcome to BP. I’m in the richmond area also. Well I live in midlothian near Mosley Va. Let me know if I can help

Eviction notice.. make sure they are not dead terminally ill or in jail

To me it’s the best way but not the only way. I’ve done some stat study and the average american need 5k a month to support their monthly expenses. You can achieve that in 1 year 5 year o10year or 1 deal and retire in real estate. But you can also buy a business such as McDonald’s/vending route / convenience store etc. I plan on having the 3 pillars of wealth: Real Estate Portfolio Own a Business Stock/mutual fund portfolio

Go to a credit repair specialist Company and get your credit where it needs to be in 3-6 months and then do the refi cash out

I would buy a multi family deal and do the refi cash out after 1 year later to get your down payment back. Then use that cash again to start the restauraunt business if you love that business. Me, I would keep buying multifamily and become a full time investor

720 or better for the best rates... 680 for better for good rates

It don't take years to get that done. It's all on you and your creativity. If you got good credit it can be done in one or 2 deals. I'm looking at 16 townhouses now that would net me 4500 a month. Stay encouraged my friend... set your goal and make it happen.