But a quick summary is that there are four different quadrants that EVERYONE earns their money in. 1) Being an Employee(E) 2) Being Self Employed (S) 3) Owning a Big Business (B) 4) Being an investor (I).

Greetings all!

Question: would you rent a basic 7-seater SUV (newer Honda Pilot) for $110/day? Is that a great rate?

I am considering using Turo to rent out and hack my vehicle for some extra CF.

Even if paying contractors and building a team to do 100% of the work, meeting contractors, viewing properties, etc all take time away from a "real" job at best and more likely than not require time during work hours to do these and move quickly and efficiently. 

-How quickly can you close?

You gotta come up with a plan to generate  deal flow...it's not easy or quick but others are doing it (while we sit here and post on BP).

The market is up right now and any property sub $250k that is rehabbed is sold in days, which means investors are snatching up the lower cost un-repaired properties and flipping them quickly. 

I made the mistake of buying a personal residence last year, which I believe is delaying my ability to get into real estate investing as quickly as I would like to.

@Patrick Philip there is a lot of legal jargon in them to keep you and him completely safe.

I intentionally priced my rental at 1200 because it was actually 200 below the market and it created a huge demand that allowed it to rent extremely quickly.

Your butt's booted out the door right quick.