@Joshua Little Sorry I didnt intend that taking up so much space on the thread.
@Joshua Little Welcome Josh! Welcome to BP, and I'm honored to be your first post! That's a great goal you have set out, how do you plan on accomplishing these goals?
Thanks so much, @Cameron McNulty I'm pumped to be here and can't wait to grow. Well, long story short. By the end of this year, my wife and I will have eliminated (FINALLY!) around $60,000 worth of debt we buried ourselves in, from our past uneducated years. Once that's done, we'll be living within our budget from my wife's salary freeing up 100% of my business's profits which are projected to bring in between $40-50,000 in gross profit next year which I plan to use as my initial down payments to invest. I'll leave it at that because I could go on and on.
@Joshua Little feel free to pick my brain if you like. Regards....
My wife and I have two main goals that are appropriate for newer investors like ourselves! One day we hope to be in a spot like all the other amazing investors in this thread.
1. Cut living expenses to <$2,400/month (we just went under contract for a house hack we think will get us there! Currently we’re at $2,900/month)
2. Acquire three additional rentals this year (by buying a different house hack we actually get two, one with the new property and the home we live in now will also become a rental. Just one more to go and it’s only Feb.!)
Hope these help define additional goals! Looking forward to hearing more on this :)
@Monica Breckenridge are you using the cashflow of the properties to pay down the mortgages? How have you so successfully broken out of the debt on the rentals??
@Gary Kline I will certainly be doing so. I'm keeping an eye out for the next REA meeting and hope yo be able to attend.
@Joshua Little beast mode!!! Can’t wait to hear where you’re at in a year or two!!
@Joshua Little I was there on Wed.
@Gary Kline Oh, I never saw the meeting scheduled on FB. I'll get in touch with Chris Stanis so I'm better in the loop!
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