Let’s break down those benefits individually:1) Tax Benefits (Depreciation and write off of real estate taxes and interest paid on mortgage loans)2) Appreciation (Not guaranteed, but has been the norm 95% of the time according to historical data)3) Positive Cash Flow (This is the difference between the monthly expenses and the total rental income)4) Equity Build up (Tenants pay rent, you then make your mortgage payment lowering the remaining balance each time)5) Equity Capture (Buying the real estate at a bargain price, capturing for yourself the seller’s forfeited equity)When you harness all of these forces compounding to your benefit on a regular basis, you begin to understand how massive wealth accumulates over time.

Even in a recession the wealthy still have discretionary spending and will continue to use Airbnb's and company's will still send the employees to travel for work so there will be a need there. 

When you are standing there watching the guy doing the job YOU ARE now the contractor and that dude is your employee or sub.

This will help me determine if I should remain as a W2 employee, or if I could transition to freelancing, and still use the BRRRR method.Thank you all,

Weekly Goals- [ ] Prospect new luxury home clients 3x per week- [ ] Make an offer on 1 investment property per week Monthly Goals- [ ] Read 2 books per month- [ ] Sell 4 homes per month Yearly Goals- [ ] Get a business tablet and computer by the end of the year - [ ] Lost 30 pounds- [ ] Sell one house per year priced over $1,000,000- [ ] Make $150,000 per year- [ ] Take a small get away with the family such as camping or a weekend vacation every 3 months - [ ] Take at least one big vacation a year - [ ] Flip 4 houses per year Long Term Goals- [ ] Become a Certified Luxury Home Marketing Specialist - [ ] Become Certified Military Relocation Professional - [ ] Become Certified Resort and Second Home Property Specialist - [ ] Own 10 rental properties cash flowing an average of $300 per month after expenses and reserves - [ ] Hire first employee for real estate agent business- [ ] Buy a franchise of an existing brokerage or open my own brokerage - [ ] Improve credit score- [ ] Pay off all credit card debt- [ ] Pay off car - [ ] Save 1 year of living expenses in emergency fund - [ ] Pay off house - [ ] Build 3 Streams of Income - [ ] Drive a Tesla Model S - [ ] Drive a diesel, 4wd Ford F250- [ ] Buy a boat - [ ] Buy a Rolex- [ ] Become a net worth millionaire - [ ] Become a cash millionaire - [ ] Build a custom home/farm in Georgia with enough land to start a hobby farm when I retire and hunt on the property - [ ] Donate at least $1000 per month to organizations we believe in

After spending several years of being a dedicated W2 employee (in engineering and marketing) and a disciplined saver, I want to apply my work ethic and self-discipline to an endeavor that will not only provide me financial freedom, but will also help others.

If you are a salaried employee, with good credit, and good equity who is looking to refinance a primary residence then an online application is fine. 

I made great money by employee's standards, I was good at what I did, I delivered value to my employer and customers, and I was continuously offered opportunities to learn and grow.

Yesterday, I was going to use one in the Houston area and he indicated that HAR does not allow limited representation listings so he wanted 1/2% at closing and to only offer 2.5% to the selling agent. 

One of the most successful PM companies I know has 900 units under management and he has 16 employees.