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29 May 2024 | 3 replies
It had never occurred to me that one could be self-sustaining through one's own resources, mainly because I had never made an effort to understand money management, retirement, or finances in general.An MMM blog post led me to BiggerPockets, a forum where the members, sophisticated investors, referred to their properties as "doors."
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31 May 2024 | 187 replies
Both ways work, require a lot of sacrifice, delayed gratification, sustained focused effort, and patience.
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27 May 2024 | 7 replies
Is the goal to create sustainable jobs for them or just to help you out?
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27 May 2024 | 18 replies
While an appreciation play makes perfect sense to some (ie. if you see the price of your newly purchased house increase by 3.3% a year, in 3 years you will have gained 10% equity - which would be $20,000 on a $200,000 house), you have to be in a position to sustain that purchase.
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26 May 2024 | 3 replies
When companies or properties are not self sustaining, you would initiate an "owner contribution" to cover any expense the business/rental property could not cover.
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27 May 2024 | 1 reply
This stabilization will help ease financing conditions for buyers, contributing to sustained demand for housing.
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24 May 2024 | 10 replies
Each deal you make should always be self sustaining, that means if you only owned one of these properties, and it doesn't matter which one, it must support itself.Negative CF means you have "other" properties supporting a property, or worse, you have your own cash supporting a property you own.
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31 May 2024 | 149 replies
Build (for 65% of value), Rent, Refinance and Repeat. creating REAL WEALTH day one that is sustainable.
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23 May 2024 | 0 replies
By aligning projects with non-profit initiatives, I've discovered collaborative opportunities that not only generate economic returns but also foster social progress.Philanthropy serves as a powerful engine for economic revitalization, job creation, and sustainable growth.
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26 May 2024 | 40 replies
While cosmetic fixes can improve the property's appearance, addressing major components like the roof and HVAC ensures the long-term sustainability of your investment.