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6 January 2025 | 17 replies
Quote from @Kody Smith: without getting too deep into my finances, what my strategy is...1. take loans to buy properties (leverage)2. fix/flip for day to day cash flow income3. use some of the fix/flip income to buy consistent cash flow through:- business acquisition, - commercial properties (MF and store fronts),I have no intention of doing ALL of the management myself, I will hire management as needed (medium term goal)my expected core role is money provider, evaluating the numbers, making decisions, and connecting with investors, wholesalers, lenders, contractors, and property owners.while I am just on step 2 of the journey, I am looking toward step 3 to stabilize, and not worry about if house prices drop mid project or not (or not worry as much) So to be fair this is more about obtaining and growing a real estate business not simply buying rentals for cashflow.
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23 January 2025 | 7 replies
As of today, the house rents for $3,400 per month and my PITI is $2,500 per month.
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24 January 2025 | 0 replies
I negotiate at 70% ARV so the deals I bring are solid and I'd love to work with one single corporate cash buyer that is able to close on several deals a month.
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7 February 2025 | 4 replies
Hi Gabriel, glad to connect.
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14 January 2025 | 4 replies
I encourage you to consult with a qualified attorney to ensure this agreement complies with applicable laws in your area.
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11 January 2025 | 11 replies
I'm going to follow this to see what tips folks provide.MikeHey Mike, I am actively investing there so feel free to reach out with any questions!
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19 February 2025 | 0 replies
Setting ambitious goals keeps me motivated to grow and enhance my investing portfolio.
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31 January 2025 | 22 replies
@Kim HallWhat are you trying to accomplish?