Scott Benton
Recasting: Mortgage Hack Your Way to Increase Your Cash Flow
29 December 2021 | 62 replies
With the extra cash I was accumulating, it helped me pay down the principal amount on a far more accelerated schedule than passively waiting out the entire 30 year period the loan originally had been written for.Occasionally when I found that money was a little tighter as I made monthly mortgage payments, I would add in an extra $200 or $400 from my extra cash flow for principal only, and after I finally had paid down an extra $5,000 in principal total, however long it took, I would send in my request to the bank to recast the loan and quickly saw my cash flow go up again.
Cameron Lam
How I achieved $5k+ monthly cash flow in 1.5 years
21 January 2022 | 263 replies
It shows what you can accomplish/accumulate with steady 'forward' movement, particularly in such a short period of time.
Brittany Stradling
How are people scaling so quickly
7 August 2021 | 110 replies
This way, you are your own bank for all of your future down payments, and that high paying job that doesn't accumulate enough for your SP fast enough, isn't used/spent.
N/A N/A
Newbie Alert
9 May 2006 | 4 replies
I'm looking for long-term wealth accumulation and for the near-term tax benefits.I'm hoping that I can extract some good information from everyone here and hopefully contribute some of the same at some point.
Jonathan Bowen
Is anybody else tired of getting hit on by eXp Realty agents?
17 March 2021 | 124 replies
I am also NOT "adament that agents who sell $1.4m make more money than agents who sell $7m" Not sure where those numbers come from but I never stated as such.We can agree to disagree, I will keep watching my stock (most of which I accumulated for 80% of the value the month it was acquired and some for free) continue to grow at exorbitant rates of return.
Account Closed
How To Crack $1M - In The Year 2020
3 February 2020 | 45 replies
Are you trying to squeeze your investments for growth or are you sitting back and watching the cash flow accumulate?
Christina Tkacs
Can you truly get ahead by buying turn-key homes
7 August 2021 | 89 replies
We used every strategy in the book to accumulate rentals (excep turn key).In addition to house hacking (taking in renters for spare rooms or buying a multi door and living on one) or buy an occupant house and repeating,,, I strongly suggest you buy BP's Zero Down book.
Mindy Jensen
How Much Do You Have In Reserves?
20 February 2023 | 147 replies
We accumulate capex until we have about $20k because that's enough for about 3 major events such as HVAC/Roof/sewer pipe, etc.
Alain Perez-Majul
Rentals: Debt and Leverage, Free-and-Clear, or Happy Medium
16 June 2020 | 99 replies
Your property is nothing more than a temporary resting place for your cash until such time when your equity (dead cash) accumulates enough "friends" through appreciation (thank you economy) and principle pay down (thank you tenant/rent) where it has more value outside of that property.I then sell the property, and double down on the true value of that equity/cash by investing it into either multiple of bigger properties.
Eliott Elias
Is BRRRR really a good strategy?
7 January 2023 | 39 replies
The full guts are overbid by construction companies and other hard money loans.I also need to shield my W2 and LLC income from taxes so I'm happy to accumulate properties that appreciate well and rent quick, even if they come at negative cash flow.