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31 October 2024 | 24 replies
You need to amass a large portfolio for it to be passive (aka hiring someone to manage).If you want to be financially independent as fast as you can then you need to do a few things. 1) get as high of an income as possible (this usually takes schooling and/or experience, think high income profession - law, medicine,etc)2) live as frugally as possible (you will sacrifice a lot here, think of not going out with friends, live at home/save on rent, etc)3) invest as much as possible and I mean invest not yoloing on random hot tips (you are starting young, time will be on your side)If you do this consistently and remain highly disciplined, you will get there faster than most.
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24 October 2024 | 5 replies
(about $20K in profits) I've developed and perfected a strategy to manage these tenants (and I'm a Hilton/Marriott hotel General Manager so its not difficult for me)The only thing(s) that are in our way from scaling quickly is;1) a consistent unlimited supply of tenants looking to rent bedrooms, 2) a partnership with a rental management company (we arbitrage 50% of our homes)3) I guess some capital but really only depending on how quickly we decide to scale.MyRoom is the name of the company, (lazzarapm.com) anyone have any thoughts, recommendations, suggestions on how to achieve this, FAST?
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27 October 2024 | 13 replies
I saw how fast the city was growing and decided to make the jump.
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25 October 2024 | 5 replies
Using BRRR on your home can help build equity fast, giving you funds for your first rental.
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25 October 2024 | 2 replies
Rent control may prevent you from increasing the rent fast enough to keep pace with inflation.
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26 October 2024 | 11 replies
I have rental properties in four states and some have rented fast and others sitting.
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22 October 2024 | 0 replies
In a fast and strategic move, we sold the home the same day for $14,000.
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24 October 2024 | 15 replies
Yes, I've had to foreclose on a few in 2nd and it wasn't a problem because I was behind a conventional mortgage lender who could not act as fast as we could.
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22 October 2024 | 0 replies
The property’s location and its price point made it an ideal candidate for a fast sale.