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6 January 2025 | 7 replies
They have have done a great job outlining all the possible things that can go wrong and what can go right.
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11 February 2025 | 183 replies
I'd be able to quit my job and do this full-time if this can work!
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3 January 2025 | 6 replies
For instance we have seen dozens of sand and stain jobs on hardwood at $2/sf that needed to be completely redone.
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7 January 2025 | 5 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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2 January 2025 | 4 replies
My goal is to continue to acquire more cash flowing rentals to eventually leave my day job and just self manage the rental properties.
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14 February 2025 | 25 replies
But he told me his job was to make those who worked for him to enable them to move up the ladder and in my business he said my goal should be to help your clients become millionaires and they will drag you along with them. :)
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6 January 2025 | 7 replies
Strong job growth, low unemployment rate, and strong population growth.
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21 January 2025 | 74 replies
I know, I get a lot of different kinds of checks because I work with corporations, schools, banks, jobs, etc.
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6 January 2025 | 2 replies
I was specifically interested in his 2nd plan which was "Building wealth through single-family homes" where he basically says you save enough to buy your first property along with enough for other fees and then you just keep saving the money you make from that property along with some money you save from your job and once you have enough money you buy your next property and then you basically just keep repeating that until you have your desired amount of properties.
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8 January 2025 | 11 replies
If it's not feasible due to circumstances I suppose I'll have to adjust my situation (find weekend job, move back to NJ with parents, move to a different state with, etc.)All responses are appreciated, and I am absolutely open to chatting on the phone by the way.My view on house hacking is it can be a great tool to buy a house you could not otherwise afford, but it shouldn’t be a goal in it of itself if that makes sense and that’s not to discourage you from investing just there are alternatives such as the stock market. so I’d start by asking where you want to live, do you want to own a single family home or does it make more sense to rent in a more interesting neighborhood like Arlington, Alexandria, that’s gonna be a personal choice, Will your monthly payment actually be less than renting/how many people do you need to get in the house to afford that?