One of the projects I'm seriously taking on this year is to record the entire process of starting out, finding a cashflowing property, purchasing it, rehabing it , marketing it and earning residual monthly income from it.
As of today I've bought 49 rentals since July 2013, with another 2 under contract set to close in about 2 weeks. They make great cashflow, but on top of it I've set back a massive nest egg in terms of equity for some time down the road should I ever desire to wind down what I do. My goal is 500 rentals over say the next 5-7 years. At that point I expect to have no less than $25m in properties + $1m/yr in residual income AFTER outsourcing it all to a property management firm I'll be founding at some point in the future, in order to offload my workload onto other people and make it more fastlane-ish.
So, as a part of this, I'm reaching out to all the online communities and asking what YOU would like to learn about real estate investing. My hope is to take the top questions I get and show how things work in an actual, operating business that I run that is actively buying/investing/making money.
The top question so far has been "Where are you finding good real estate deals" so I put together a 17m video going over every single rental I've bought through today. I'm looking for input on format, pacing, editing and what ever else people want to give feedback on, but most importantly I want feedback on my video content.
Here's the first one -
View: https://www.youtube.com/watch?v=yVhP0-fzd7s
One suggestion I've had, which I may very well do is do a 3-4 minute video per property and talk about the history, and go into detail of how I got em, cashflow, my costs and whatnot.
As of today I've bought 49 rentals since July 2013, with another 2 under contract set to close in about 2 weeks. They make great cashflow, but on top of it I've set back a massive nest egg in terms of equity for some time down the road should I ever desire to wind down what I do. My goal is 500 rentals over say the next 5-7 years. At that point I expect to have no less than $25m in properties + $1m/yr in residual income AFTER outsourcing it all to a property management firm I'll be founding at some point in the future, in order to offload my workload onto other people and make it more fastlane-ish.
So, as a part of this, I'm reaching out to all the online communities and asking what YOU would like to learn about real estate investing. My hope is to take the top questions I get and show how things work in an actual, operating business that I run that is actively buying/investing/making money.
The top question so far has been "Where are you finding good real estate deals" so I put together a 17m video going over every single rental I've bought through today. I'm looking for input on format, pacing, editing and what ever else people want to give feedback on, but most importantly I want feedback on my video content.
Here's the first one -
One suggestion I've had, which I may very well do is do a 3-4 minute video per property and talk about the history, and go into detail of how I got em, cashflow, my costs and whatnot.
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