I want to build a strong foundation now so that I can create passive income and have more control over my future.

Partner Driven saw an opportunity to create significant equity through strategic renovations.

If structured correctly, this could be a strategic first step toward future multifamily investments.This post does not create a CPA-Client relationship.

@Grace Tapfuma I have no idea how things work in Australia but if I were you in the US…Don’t sell the business.Businesses usually sell for a much lower multiple of their products income than real estate does.To be honest, you’ve built out a lot of infrastructure to create a successful business and maybe reinvesting in it would create a much better return on investment.For which you could reinvest those future profits into real estate, once you’ve scaled your business into a money making machine that isn’t so dependent upon YOU to drive the bottom line.I had a friend (38 years old) just recently sell his medical device company for $30M dollars and now he’s using this chapter of his life to passively invest in real estate ventures.Meanwhile, I’ve been toiling out here for 19 years as a real estate investor and I’ve built a portfolio worth $18M and have a net worth of $5M at 41 years old.Sometimes the grass isn’t greener on the other side.Correct me if I’m missing something!

Flipping houses is a great way to create huge profits, raise private money and create marketing content around your remodels (the reason HGTV is HGTV).

This creates a negative initial position.

When we wholesale with integrity, we create win-win situations and build real, long-term relationships.Let’s bring back the dignity in this business. 

If there is a way to create a solid master bathroom while implementing another en suite with some kind of bathroom variation, I think that would be what I would do.

I'm thinking that $30k, which is what I'd like to pull out of the property, would be 30% of the 90k equity I created, but I'm wondering if it's just that simple or are there other things I should consider?

So, there's more than one way to create more cash flow than refinancing:-).