Each milestone enhances your ability to build a sustainable real estate portfolio for passive income and a secure future.As we reflect on the wisdom of Benjamin Franklin, we recognize the profound impact that education and continuous learning could have on our journey toward financial independence.

It’s also advisable to avoid upfront full payments, opting instead for a payment schedule tied to project milestones.

@Brandon PennCongrats on the milestone!

He divided the rehab into milestones (painting, plumbing ) and as each milestone was completed he would pay them a portion of what they were owed on the project, further incentivising them to complete the work.

Closing your first investment property is a milestone achievement and definitely one you'll remember as you continue on in your career.There are a ton of skip tracing services out there!

To ensure that you do have enough time, you need to run a critical path and pre-construction budget to figure out the steps, milestones and costs associated with securing a fully permitted project.Once and if you get to that point, your land contract should take all of the above into consideration and dictate the amount of money the land seller will want in the way of earnest money while you go through the zoning and permitting "dance".This gets tricky because you and the seller will have the exact opposite goals.

Aside from asking if they can do some work, when you decide on the scope of work draw up a clear contract that includes milestone payments for hitting certain benchmarks in the project by certain dates. 

Third, if it takes you 10 years to get $13k/month, you're in the wrong market...and you're doing it wrong.What you need to do is define a more detailed set of financial goals, that involve specific income to pay off your total personal debt (profits) and your monthly bills (cash flow), and break them down to a series of "measurable milestones".  

I am looking to hit certain cash flow milestones and allowing the business to become self-sustaining without my current career injecting financing into the business.

Yesterday we finally hit the listing milestone for a live-in flip that was a whole year in the making.We bought this 1976 split-level in a smaller town south of the Twin Cities in Minnesota last April.