Here on the forums and the podcasts there’s lines of thought that say either “if you’re starting off build recurring cash flow with multi-family rentals” or “if you’re just starting off build your cash reserves with rehabbing and flipping”.

Do you have any other recurring debt other than your properties?

@Cynthia DeLuca I use QBO, locations per property (but wish I had used classes instead), create recurring invoices for rent, bills for expenses and then match against bank transactions that are pullled in.

@Nicole H.im in process of purchasing a 4 family home through the program...i just needed a second oppinion,because i dont know anyone else who have heard from them.You just calmed my anxiety,lol thank you!

Obviously don’t want this to be a recurring theme.

How do you handle your anxiety at your monthly in-person meetups?

Depends on the size, but I usually put about $600-$800/year in maintenance/turnover expenses plus another $300-600/year for recurring CAPEX.

Definitely settled some of my anxiety regarding leaving investments in the hand of property management.

You need to account for turnover, maintenance, recurring capex and property management if you have a third party manager.

For the first card, put a small monthly recurring transaction on it - like your Netflix subscription, and setup auto payments so the balance zeros out every month.