My belief of financial freedom always centered on things like vacations, making my own schedule, and so on, but this helped me realize that the financial security for family is provided by wealth not the rich guy treadmill.

I purchased my 1st duplex almost 2 years ago and in that time I’ve had some financial issues that wiped most of my savings.

Having an analytical background and working in the financial industry is a good start

I am super excited for this opportunity to start my road to financial freedom and I know this opportunity is a way to start down that road.

In reality, I’ll be able to rent out one of the two units, and I will live in the other unit with a few friends, so I’ll actually be living for free & positively cash flowing, with a good cushion for potential issues/disasters, but I know that’s not how it’ll appear on paper unfortunately. 

One way is to invest in individual projects which provides them an opportunity to really get a sense for the impact that their financial investment is making.

You are setting yourself up for a disaster if anything goes wrong with the house when you have so many debts and little extra money each month.

The fact that you can measure the thickness of the financial cushion you've built between you and poverty also helps lessen the sting of the years that you spend clawing as hard as you could to get somewhere.I think a lot follows from being clear on those two points starting out.

The only time personal guarantees may not be required is if: the property is underwritten commerciallythe corporation is established for at least three yearsthe corporation can provide three years full financial statements and corporate tax filings that are strongthe corporation has a high asset base, andthe corporation has positive cash flow and consistent net profitDo you set up a holding or operating company?

Now you have to weigh how long it will take him, vs waiting for someone else to be able to get there and finish it, then factor in the added cost of the new crew vs what you're losing in revenue waiting for him and see which one works out better financially.