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Updated over 6 years ago on . Most recent reply

User Stats

38
Posts
10
Votes
Wyatt Degaine
  • Real Estate Agent
  • Denver, CO
10
Votes |
38
Posts

How would you turn 250k into 2.5 mil

Wyatt Degaine
  • Real Estate Agent
  • Denver, CO
Posted

So something that has been resignating with me is Jay Scott's last interview. He mentioned his house is paid off but has taken a LOC out on it in preps for a financial downturn. Now he obviously is a master in his craft and I am struggling to start, but what we have in common is a paid off home. Mine is worth about 280-290 based off recent sold comps and those are model matches. My objective is how would some of you out there take this scenario and build wealth. Would you go the STR route? flip flip whole sale, BRRRR and would you wait the market out or start now?

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