All Forum Posts by: Payton Pearson

@Grant Rothenburger I have another on the docket right now. Will close on the 4th of April. 4-unit apartment complex in a very high-end neighborhood.

@Shawn Krieger Many. I do Varsity Tutors, drop shipping with a company called Reseller Consultants, transcription services with a company called rev (rev.com), Postmates, I rent out a room of my current residence, I do research studies on my base which brings in roughly 200/month, and another opportunity of equally great measure to my real estate ambitions.

I must aggressively grow. You don't become a billionaire overnight, nor do you become a billionaire perusing Facebook all day. You need to take risks (sometimes very big ones), and hustle as much as you possibly can.

@Eddie Espinal I have a friend by the name of David Leeds who is also into rental property investing that may be interested in meeting you.

@Shawn Krieger Heh thanks! Yep, as I stated above, I'm throwing everything I've got at it. I have a VERY aggressive business model that I need to keep up with. The only way to do so is to swiftly and wisely find appropriate investments in which to put my money.

@Shawn Krieger I'll be 30 this May.

@Grant Rothenburger My general strategy with this is thus:

1. Set a date--maybe a year out--when you will make your first property acquisition.

2. Research as much as you physically, emotionally, mentally, spiritually can handle. Learn all the numbers, reference all the sources, find all the appropriate mentors, EVERYTHING! Throw EVERYTHING you have at learning all possible things about your field (in this case, real estate).

3. Once that date comes, CHARGE! Go out there, find a property that fits your business model, and buy it!

If you follow this process and fail at any one of the 3 steps, then you probably aren't interested enough in real estate to actually attempt growing in it. It's a win-win, and you took a year to figure it out. Setting a date drives you with purpose and dedication, and your resolve to accomplish the necessary prerequisites before that date are an indication of your success. If you don't charge when that date comes, you don't have the killer instinct to succeed, and therefore need to work on yourself before you can jump into this.

I am a student, but am learning as rapidly as I can.

@Grant Rothenburger Indeed, I informed them that if they kept this process up with me for 6 to 10 properties over the next 10 years, they'd have about 1800 to 3k in passive monthly income completely stress-free. That doubles what they'd be able to take out of their savings every month for 10 years, AND they will perpetually get the income. Suffice to say, they're pretty happy :-)

@Mohammed El-Bashir Precisely my friend :-)

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $69,900
Cash invested: $12,000

This is my current residence. I'm going to Airbnb it, and renovate it over time. First order of business is replacing the backyard fence, which is falling apart.

A good method to use is to search google for top real estate agents in your local area (like top 50 for Coldwell Banker, for instance).