If it crashes hard enough, it impacts your personal finances, your relationships, and even your mental/physical health.With the exceptions of politicians and so-called charities, building wealth typically requires sacrifice and time.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

It takes time and effort to build up to the point where you’re not relying on a W2 job, but starting now puts you on the right path.If you have any questions about investing or need guidance as you get started, don’t hesitate to reach out.

We had our Podio custom-built to meet our specific requirements, systems, and procedures.

That will buy you some time to get more capital together, and you know that money will be used to perform the job.

.👀 Risk ManagementBoth investments require risk management:Stocks: Company performance, market conditions, economic factorsReal estate: Property maintenance, tenant quality, local market changesBut guess what?

You are required to disclose knob and tube wiring to insurance companies. 

Anything single family will require very creative strategies in order to generate cashflow. 

My piece of advice would be to research emerging neighborhoods and focus on areas with strong job growth and infrastructure development. 

We've sold 65+ homes and the biggest request we get from our Buyers is help with closing costs.Most of our deals we're providing anywhere between $5K-$10K to help Buyers offset the cash requirement to purchase a home.Even in today’s "high" interest rate environment, many Buyers prioritize closing cost assistance over an interest rate buydown.