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Results (6,537+)
Frank Patalano So what's holding you back?
19 August 2024 | 3705 replies
Even now, fully immersed in my first project, I still have the same fears. 
John K. What can I do with $140K cash?
11 August 2024 | 49 replies
@John K. the more you immerse yourself, the more you will learn and get ahead.So, buy a 2-4 unit somewhere and rent the other units out.You can even rent out extra bedrooms in your unit to maximize cashflow. 
Forest Wu List of Syndicators/GPs to AVOID?
14 August 2024 | 134 replies
If you have never been a Banker reviewing a loan, then you are just gambling
Ryan Blake Does it make sense to get a rental that won't cashflow?
6 August 2024 | 5 replies
I thought of banking on appreciation and rate drops as pure speculation and akin to gambling.
Kevin Duong Marketing for rent by the room - house hacking
4 August 2024 | 1 reply
Hi community,I'm developing marketing (primarily to immerse myself in planning and get me thinking about things) and would like to hear about your experience with this house hacking.For my marketing plan overview:Marketing Goals:1.
Tommy Ray The Big Picture Wealth Mindset....
5 August 2024 | 3 replies
If you have $100,000 in your brokerage account to borrow against, why not just use the money and secure a traditional loan, versus gambling with an unknown and variable future rate?
Kelly G. Why aren't there more (any!) 'a la carte' agents out there??
6 August 2024 | 29 replies
It's the same reason people gamble.
Mann Phan Drowning in repairs, any advice would help
8 August 2024 | 46 replies
Or keep them and fix them up but, you are right it may be gamble because, everything may be fine after it is fixed, or it may be other expenses that come up.
Kevin Goldman All Cash or Loan
5 August 2024 | 21 replies
Hi Kevin,I'm a big fan of buying with cash and my thought process is quite contrary to everyone else's.Cash is KingCashflow is QueenLeverage can be a peasant lolOne can retire investing in Toledo with $1m in cash.Off-course, this all depends on how many villages you need to feed 🤓I have too many "villagers" on my back so it's a bit of a different story for me.Sub $100,000 markets like Toledo require volume to work and to be worth the risk if you are looking to buy and hold.Not much growth potential long term so I would consider it a strict cashflow play.Start slow and small and you can always scale up once you learn the market.Or call it quits and exit if you decide it's not for you.IMO, leverage should only be used to scale a portfolio and only after you have immersed yourself enough in a specific market.And only once you have decided that you want to stick around in that specific market and invest in it long term.Over the years, I've witnessed many folks use leverage and attempt BRRRR out of state only to fall short and say "the market sucks and it doesn't work".Nothing works unless you make it work and a market like Toledo can work better than any other market I know from a cashflow perspective.I've been investing since 2014 and flipped hundreds along with currently managing 400 SFH.Only this year have I started buying small multifamily properties.It's an adjustment and a different animal but let's just say it's in the same breed of animal lolImmerse yourself in a specific market and become an "expert" on the numbers in that market.Find off market deals, negotiate hard, buy with cash and buy quickly.You make money when you buy and not when you sell so you must buy cheap.There are many ways to skin a cat mate and this is how I get my fur lolWishing you much success
Adrian Roytberg Breaking into the STR Space
1 August 2024 | 9 replies
+1 for immersing yourself and finding a mentor/mentors.There is a wealth of info on here and a lot of knowledgeable people who would be willing to help.Other than a book purchase I would avoid any courses, as the info is readily available if you are willing to spend the time to parse it.Build a 1, 3 and 5 year plan and execute while remaining flexible.Good luck!