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13 October 2018 | 13 replies
That roadmap, as of right now, is outlined.Learn - Keep FTJ (Full Time Job)Books, podcasts, BP, peopleFTJ and PTJ options: Go back into being a residential handyman and contractorWholesale - Keep FTJRamp up Wholesaling, possibly until either quitting or finding a PTJ to offset Wholesaling goal - raise capital to flip laterPlataeu Wholesaling, ramp up Flipping while ramping down WholesalingPlataeu Flipping, ramp up Buy-and-HoldLong Term Goal: rental portfolio with extra capital to invest in othersMy motivation does include swinging hammers (I love the physical work), but I recognize that won't be where I need to put myself to make money past the short-term (and my body won't be able to do that forever).
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13 October 2018 | 2 replies
An investor that knows cost will recognize that you cannot be trusted with numbers if you come if far too low . 4# Know the value of the property This one is very simple ,establish property value immediately !
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13 October 2018 | 20 replies
It looks like a Rockwood home, but I don’t recognize it (I live on Highland BLVD in Rockwood).The realtor is also Key- have they marketed high end homes in Rockwood before?
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15 October 2018 | 35 replies
They tend to have affairs and gamble.
14 October 2018 | 9 replies
Paying down debt is a great goal but just recognize you are giving up a lot to do that.
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31 January 2021 | 8 replies
I don't want to gamble that I'll be able to rent it out at the higher rate.Thanks Frankie, At this point I can't tell if there is any value add stuff, because I've only seen the outside which looks alright.
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16 October 2018 | 17 replies
I also gambled on very bad section 8 and lost thousands.
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17 October 2018 | 2 replies
I've been fortunate enough through my research and what I learned here on BP to have bought a solid investment property, which of course started with having the knowledge to identify and recognize the opportunity for what it was worth and act on it.
18 October 2018 | 5 replies
.$10k/year in negative cash flow verses your appreciation....your gamble and your call.
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28 November 2018 | 1 reply
I wish I had recognized sooner that she was not doing a great job.