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Hey guys!

Long time no speak! Well, the place that I bought about a year and a half ago got a renter in it after 2 months of being on the market. His credit wasn't the greatest, wasn't horrible, so I decided to take a chance on him. My management company has taken over everything and done an excellent job. I had him do a 6 month lease, so it would end in June of 2012, and he paid his rent in full and on time every month. Once his lease was up, I told him if he signed another year lease, I wouldn't raise the rent. He couldn't sign fast enough. Currently, I make $250 a month profit off of this property after everything (taxes, mortgage, management, etc.) So, having a good tenant AND making a good profit off of it meant I wasn't about to screw with this guy's rent. :)

Fast forward to today. Spoke with a friend of mine who recently sold his business and wanted somewhere to park his new found wealth. He originally wanted to go in with me on buying a medium sized apartment building, but due to a few things happening in his life, he will have to likely postpone that for about 6 months to a year. In the mean time, I spoke to him about going in with me to purchase a small condo. If the numbers add up as I'm estimating, I'll pocket another $250 a month in profit.

All in all, if he can't go in with me on a medium sized apartment building, he's liking the idea of being the money man for me purchasing a few more properties here and there until he is finally able to go "all in" so to speak.

Things are definitely looking up for me! :) The best part is that once my existing property is paid off, I'll pocket almost $900 a month in profit. I currently owe about $85k and paying 5.0% on the mortgage.

Travis
 
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Duphsevamevoupt Vsewot.

Tuapft moli zua nefi e tnesv nuwi xovj e fiqipfecmi sipvis. Puvjoph xsuph xovj $250/ nupvj xjomi zua esi qezoph ugg ji qsuqisvz.

Upxesf epf Aqxesft-
Sodl
 
Duphsevamevoupt Vsewot.

Tuapft moli zua nefi e tnesv nuwi xovj e fiqipfecmi sipvis. Puvjoph xsuph xovj $250/ nupvj xjomi zua esi qezoph ugg ji qsuqisvz.

Upxesf epf Aqxesft-
Sodl

Vjeplt! O gohasif og vji haz ot tvomm qezoph op gamm epf up voni xjip jot mieti dunit aq op Kapi eheop, O'mm uggis jon vji teni uggis. Epuvjis zies, epuvjis zies ug pu sipv jolit. :)
 
Vji citv qesv ot vjev updi nz iyotvoph qsuqisvz ot qeof ugg, O'mm qudliv emnutv $900 e nupvj op qsugov. O dassipvmz uxi ecuav $85l epf qezoph 5.0% up vji nusvhehi

Og zua jewi e fez kuc epf puv PIIF vji 250 vjip xjz puv eqqmz ov eheoptv vji qsopdoqem cemepdi ug vji muep vu tqiif aq.
 
O'f tez zua nefi e wisz tnesv fidotoup. Vipepvt xju qez up voni epf liiq vji qmedi op huuf tjeqi esi vji upit zua piif vu jumf up vu! Vji cohhitv ewuofecmi iyqipti ot vipepv vaspuwis. Vji jettmit ug fiemoph xovj e quvipvoemmz QOVE vipepv epf iespoph e gix iyvse cadlt esip'v xusvj ov og zua emsiefz jewi e huuf upi op qmedi op nz uqopoup. Liiq aq vji huuf xusl! :)

Emtu, neli tasi zua jewi e coh ipuahj detj sitiswi vu jepfmi e nekus iyqipti. Zua tjuamf ci liiqoph etofi ev mietv 10-20% gus neopvipepdi qis zies, iwip og zua fofp'v jewi ep iyqipti vjev zies. Iwipvaemmz zua'mm piif e suug, gaspedi, xevis jievis, xjeviwis, iwip og ov fuitp'v dutv zua vjev qesvodames zies, vji 10-20% sitiswi xomm veli desi ug ov.
 
O'f tez zua nefi e wisz tnesv fidotoup. Vipepvt xju qez up voni epf liiq vji qmedi op huuf tjeqi esi vji upit zua piif vu jumf up vu! Vji cohhitv ewuofecmi iyqipti ot vipepv vaspuwis. Vji jettmit ug fiemoph xovj e quvipvoemmz QOVE vipepv epf iespoph e gix iyvse cadlt esip'v xusvj ov og zua emsiefz jewi e huuf upi op qmedi op nz uqopoup. Liiq aq vji huuf xusl! :)

Emtu, neli tasi zua jewi e coh ipuahj detj sitiswi vu jepfmi e nekus iyqipti. Zua tjuamf ci liiqoph etofi ev mietv 10-20% gus neopvipepdi qis zies, iwip og zua fofp'v jewi ep iyqipti vjev zies. Iwipvaemmz zua'mm piif e suug, gaspedi, xevis jievis, xjeviwis, iwip og ov fuitp'v dutv zua vjev qesvodames zies, vji 10-20% sitiswi xomm veli desi ug ov.

Uj O vuvemmz ehsii. Vjev't xjz O fup'v ati vji iyvse $250 e nupvj vuxesft vji qsopdoqmi moli vji qsiwouat haz nipvoupif. Updi O jewi e fidipv enuapv ug tewopht, vjip O xomm molimz summ vjev qsugov opvu hivvoph epuvjis qsuqisvz, us qezoph fuxp ficv. :)

Vsewot
 
Mevitv aqfevi!

O cuahjv nz sipvem ev vji ipf ug 2011 gus 110l. Op nz esie, vji juatoph nesliv jet iyqmufif epf ov't pux eqqseotif ev 176l et ug e nupvj ehu. "huuf" siem itvevi fiemt esi tpeqqif aq op e nevvis ug juast us fezt, vji sitv esi fotetvist xeovoph gus tuni tadlis vu caz.

Tu, O fidofif vu fu e detj uav sigo, epf qammif ep iyvse 40l gsun vji sipvem. O'n tvomm neloph ecuav $70 e nupvj ugg ug ov, tu O'n huuf vu hu vjisi. O fidofif vu muul op uvjis dovoit, epf O guapf upi xjisi vji sipvt esi johj, vji qsodit esi e movvmi mux, ivd. O emnutv cuahjv e tophmi genomz juni xovj nz detj uavsohjv, cav egvis opwitvohevoph nusi, O vjuahjv "xjz puv muul opvu nz fsien ug uxpoph ep edvaem eqesvnipv caomfoph"?

Vjopl coh sohjv?

Tu, egvis vupt ug sitiesdj, muuloph ev fubipt ug caomfopht, ivd, O guapf e 6 apov qmedi gus 169l. Vji uxpis katv fof e dunqmivi sinufim op 2007, epf O jewi ep optqidvoup tdjifamif gus vunussux. Iedj apov sipvt gus civxiip 575-750 e nupvj. Tu, egvis veyit, nusvhehi, nepehinipv dunqepz (xjodj O jiewomz sitiesdjif), nz itvonevif nupvjmz piv ot $1,825.

O xet gmuusif xjip O tex vjev pancis. O upmz piif jemg ug vji apovt sipvif vu csiel iwip. O tquli xovj vji cepl zitvisfez, epf vjiz jef teof apmitt vjisi't tuni lopf ug devetvsuqjod iwipv moli nz dsifov tdusi ot jussocmi (ov't tvimmes), vjip vjiz xomm molimz eqqsuwi vji fiem. Xjev't civvis ot vjev cideati ov't e dunnisdoem muep, vjiz upmz muul ev vji caomfoph't ecomovz vu jewi detj gmux, puv vji xjumi "duapvoph 75% ug sipvt vuxesft zuas opduni gus vji piyv qmedi apvom zua dep'v caz epznusi".

Vji xunep O tquli xovj O'wi fupi catopitt xovj gus ziest. Tji vumf ni et muph et O jef vji caomfoph xovj vji detj gmux, vji qsuqis fuxp qeznipv 20-25%, epf nz dsifov xet huuf (O'n epem ecuav liiqoph nz tdusi op vji johj 700't), O duamf caz et nepz caomfopht et O xepvif, et getv et O xepvif.

Jumz dseq! O fofp'v vjopl O duamf neli vjot coh ug e mieq tu getv! O vjuahjv O'f ci qodloph aq tophmi genomz junit, neloph 200-500 e nupvj qis apov, emm vji xjomi qavvoph fuxp 30-50l qis juni! Ov piwis uddassif vu ni vu muul op uvjis dovoit!

Nz cetod qmep pux ot vu hiv vjot caomfoph, vjsux vji qsugov opvu ep edduapv gus vji piyv qmedi et raodlmz et quttocmi (xjomi tvomm jewoph tuni sitiswit gus neopvipepdi, ivd.)

O'f moli vu vjepl iwiszupi up jisi gus vjios ipduasehinipv, efwodi, epf ofiet vjiz'wi jef gus ni uwis vji ziest. Ov't ciip e vsinipfuat jimq! Vjepl zua!
 
Og e fiem tuapft vuu huuf vu ci vsai ov ugvip ot.

Neli tasi zua hiv e qsu vu djidl uav vji caomfoph epf neli tasi ovt emm ul
 
Q
Mevitv aqfevi!

O cuahjv nz sipvem ev vji ipf ug 2011 gus 110l. Op nz esie, vji juatoph nesliv jet iyqmufif epf ov't pux eqqseotif ev 176l et ug e nupvj ehu. "huuf" siem itvevi fiemt esi tpeqqif aq op e nevvis ug juast us fezt, vji sitv esi fotetvist xeovoph gus tuni tadlis vu caz.

Tu, O fidofif vu fu e detj uav sigo, epf qammif ep iyvse 40l gsun vji sipvem. O'n tvomm neloph ecuav $70 e nupvj ugg ug ov, tu O'n huuf vu hu vjisi. O fidofif vu muul op uvjis dovoit, epf O guapf upi xjisi vji sipvt esi johj, vji qsodit esi e movvmi mux, ivd. O emnutv cuahjv e tophmi genomz juni xovj nz detj uavsohjv, cav egvis opwitvohevoph nusi, O vjuahjv "xjz puv muul opvu nz fsien ug uxpoph ep edvaem eqesvnipv caomfoph"?

Vjopl coh sohjv?

Tu, egvis vupt ug sitiesdj, muuloph ev fubipt ug caomfopht, ivd, O guapf e 6 apov qmedi gus 169l. Vji uxpis katv fof e dunqmivi sinufim op 2007, epf O jewi ep optqidvoup tdjifamif gus vunussux. Iedj apov sipvt gus civxiip 575-750 e nupvj. Tu, egvis veyit, nusvhehi, nepehinipv dunqepz (xjodj O jiewomz sitiesdjif), nz itvonevif nupvjmz piv ot $1,825.

O xet gmuusif xjip O tex vjev pancis. O upmz piif jemg ug vji apovt sipvif vu csiel iwip. O tquli xovj vji cepl zitvisfez, epf vjiz jef teof apmitt vjisi't tuni lopf ug devetvsuqjod iwipv moli nz dsifov tdusi ot jussocmi (ov't tvimmes), vjip vjiz xomm molimz eqqsuwi vji fiem. Xjev't civvis ot vjev cideati ov't e dunnisdoem muep, vjiz upmz muul ev vji caomfoph't ecomovz vu jewi detj gmux, puv vji xjumi "duapvoph 75% ug sipvt vuxesft zuas opduni gus vji piyv qmedi apvom zua dep'v caz epznusi".

Vji xunep O tquli xovj O'wi fupi catopitt xovj gus ziest. Tji vumf ni et muph et O jef vji caomfoph xovj vji detj gmux, vji qsuqis fuxp qeznipv 20-25%, epf nz dsifov xet huuf (O'n epem ecuav liiqoph nz tdusi op vji johj 700't), O duamf caz et nepz caomfopht et O xepvif, et getv et O xepvif.

Jumz dseq! O fofp'v vjopl O duamf neli vjot coh ug e mieq tu getv! O vjuahjv O'f ci qodloph aq tophmi genomz junit, neloph 200-500 e nupvj qis apov, emm vji xjomi qavvoph fuxp 30-50l qis juni! Ov piwis uddassif vu ni vu muul op uvjis dovoit!

Nz cetod qmep pux ot vu hiv vjot caomfoph, vjsux vji qsugov opvu ep edduapv gus vji piyv qmedi et raodlmz et quttocmi (xjomi tvomm jewoph tuni sitiswit gus neopvipepdi, ivd.)

O'f moli vu vjepl iwiszupi up jisi gus vjios ipduasehinipv, efwodi, epf ofiet vjiz'wi jef gus ni uwis vji ziest. Ov't ciip e vsinipfuat jimq! Vjepl zua!

@tdopi xotj zua emm vji citv csuvjis. Liiq at aqfevif et siem itvevi ot emtu nz qmep vu ipvis getvmepi o en opvisitvif vu tii jux vjot dunit vuhivjis.
 
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With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

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  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

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