How to Recoup $3k/Month
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Dan H.Pro Member
Investor · Poway, CA · Member since 2015 · 7k+ posts · 8k+ votesQuote from @Kay Sam:
Quote from @Kenneth Garrett:
If you are trying to hold onto your money from the flips without spending it, I think you have a couple options.
Option 1 do another flip or two take that profit and buy a rental. Could be LTR, MTR or STR. As an example, a MTR or STR in the correct location will get you $3000 a month on average.
Option 2 BRRRR your next purchase and refinance your money out and see how the cash flow is. You can use the example in one above. It might take a few properties. I'm not sure what the goal is other than the $3000 a month.
Not sure how much money you have from the flips, but if you became a private lender at 12% interest and 2 points on a 100K that would generate annually about $14,000 a year. If you had 200K that would get you closer to your goal.
I've lost about $40K over the last two years so.... a decent chunk to me. I only have about $50K left so holding on like it's gold as I wrap up my last project.
here are some lower cost RE possibilities. I don’t claim any of these are easy and/or without risk
- get a RE related job. This can include getting your RE license.
- MTR/STR arbitrage. Tough to find willing owners and you do not get to benefit from perhaps the most impactful source of return appreciation (also get no equity paydown or significant tax benefits).
- birddogging and wholesaling. If you go this route, be ethical/honest.
- look to partner where you provide skills or labor and partner provides much of the finances.
ones that ideally are short trap of your money. Again not stating they are easy and/or without risk
- flipping: ou have tried this but maybe with the lessons learned would have greater success going for reward.
- brrrr. Lots of work. Some risk, but outstanding upside if you can pull off an ideal Brrrr. This is how I was able to scale in RE and where I have made much of my money.
my opinion is that RE is more challenging now than in the recent past. Various studies support my belief even if realtors, lenders, brokers, wholesalers, etc want to convince you otherwise. So whatever path you take be careful. Run conservative, thorough, and accurate projections. Run scenarios with various risks actualized.
by the way RE will not always be the best investment option available. I suspect the magnificent 7 has produced better returns over the last 5 years than the majority of actively managed properties. The Mag 7 run will not last forever, but do you think this is the year their run ends?
good luck
6 Replies
- 6moTaylor DaschBusiness MemberReal Estate Agent · Temple, TX · Member since 2022 · 1k+ posts · 700 votes
I think more contet is needed. so you have successfully completed the 5 flips? Can you repeat the system you used for the flips? Or are you changing strategies in order to not use HML? If you dont want to use a HML, and plan to stay in the real estate investing sector for the 3k/mo, I would do wholesaling. anything else you will have to use a HML, pick up a full time job, or use your own cash. The biggest one that comes to my mind would be buying cheap land at tax auctions and then flipping that.
Taylor Dasch | EG Realty560 Reviews- 6moKay SamMember since 2025 · 123 posts · 41 votesOP
Quote from @Taylor Dasch:
I think more contet is needed. so you have successfully completed the 5 flips? Can you repeat the system you used for the flips? Or are you changing strategies in order to not use HML? If you dont want to use a HML, and plan to stay in the real estate investing sector for the 3k/mo, I would do wholesaling. anything else you will have to use a HML, pick up a full time job, or use your own cash. The biggest one that comes to my mind would be buying cheap land at tax auctions and then flipping that.
Hi Taylor! I successfully completed 5 flips- IF you count only acquiring the property, getting rehab done and listing to sold 2 of 5 ALL remote. If we're asking did I make a profit on the flips- that's another story. Thus the reason why I'm taking a break from flipping to preserve my cash. Therefore, I'm pivoting/looking for something else where I'm NOT using HMLs and or having to use a LOT if any of my cash. I simply want to try and recoup the $ I've lost, which is closer to $40K after I close this current deal-sadly enough. As a newer investor, I don't have unlimited cash to keep experimenting with. TIA
- 6moKenneth GarrettPro MemberInvestor · Florida Panhandle/Illinois · Member since 2016 · 4k+ posts · 3k+ votes
If you are trying to hold onto your money from the flips without spending it, I think you have a couple options.
Option 1 do another flip or two take that profit and buy a rental. Could be LTR, MTR or STR. As an example, a MTR or STR in the correct location will get you $3000 a month on average.
Option 2 BRRRR your next purchase and refinance your money out and see how the cash flow is. You can use the example in one above. It might take a few properties. I'm not sure what the goal is other than the $3000 a month.
Not sure how much money you have from the flips, but if you became a private lender at 12% interest and 2 points on a 100K that would generate annually about $14,000 a year. If you had 200K that would get you closer to your goal.
- 6moKay SamMember since 2025 · 123 posts · 41 votesOPHi Kenneth! I am not yet at that level of investing to offer $100k PML. I would eventually like to do MTR.
Quote from @Kenneth Garrett:
If you are trying to hold onto your money from the flips without spending it, I think you have a couple options.
Option 1 do another flip or two take that profit and buy a rental. Could be LTR, MTR or STR. As an example, a MTR or STR in the correct location will get you $3000 a month on average.
Option 2 BRRRR your next purchase and refinance your money out and see how the cash flow is. You can use the example in one above. It might take a few properties. I'm not sure what the goal is other than the $3000 a month.
Not sure how much money you have from the flips, but if you became a private lender at 12% interest and 2 points on a 100K that would generate annually about $14,000 a year. If you had 200K that would get you closer to your goal.
I've lost about $40K over the last two years so.... a decent chunk to me. I only have about $50K left so holding on like it's gold as I wrap up my last project. - 6moDan H.Pro MemberInvestor · Poway, CA · Member since 2015 · 7k+ posts · 8k+ votesDid you learn from the efforts? If so, $40k is not too bad.
Quote from @Kay Sam:
Hi Kenneth! I am not yet at that level of investing to offer $100k PML. I would eventually like to do MTR.Quote from @Kenneth Garrett:
If you are trying to hold onto your money from the flips without spending it, I think you have a couple options.
Option 1 do another flip or two take that profit and buy a rental. Could be LTR, MTR or STR. As an example, a MTR or STR in the correct location will get you $3000 a month on average.
Option 2 BRRRR your next purchase and refinance your money out and see how the cash flow is. You can use the example in one above. It might take a few properties. I'm not sure what the goal is other than the $3000 a month.
Not sure how much money you have from the flips, but if you became a private lender at 12% interest and 2 points on a 100K that would generate annually about $14,000 a year. If you had 200K that would get you closer to your goal.
I've lost about $40K over the last two years so.... a decent chunk to me. I only have about $50K left so holding on like it's gold as I wrap up my last project.
here are some lower cost RE possibilities. I don’t claim any of these are easy and/or without risk
- get a RE related job. This can include getting your RE license.
- MTR/STR arbitrage. Tough to find willing owners and you do not get to benefit from perhaps the most impactful source of return appreciation (also get no equity paydown or significant tax benefits).
- birddogging and wholesaling. If you go this route, be ethical/honest.
- look to partner where you provide skills or labor and partner provides much of the finances.
ones that ideally are short trap of your money. Again not stating they are easy and/or without risk
- flipping: ou have tried this but maybe with the lessons learned would have greater success going for reward.
- brrrr. Lots of work. Some risk, but outstanding upside if you can pull off an ideal Brrrr. This is how I was able to scale in RE and where I have made much of my money.
my opinion is that RE is more challenging now than in the recent past. Various studies support my belief even if realtors, lenders, brokers, wholesalers, etc want to convince you otherwise. So whatever path you take be careful. Run conservative, thorough, and accurate projections. Run scenarios with various risks actualized.
by the way RE will not always be the best investment option available. I suspect the magnificent 7 has produced better returns over the last 5 years than the majority of actively managed properties. The Mag 7 run will not last forever, but do you think this is the year their run ends?
good luck
- 6moAdrian Lammersdorf-SciollBusiness MemberRealtor · FL · Member since 2020 · 221 posts · 101 votes
You definetly need more context here, but you could buy a sfh with an adu, or a duplex/triplex with 3.5% down and live on one side and make the other side into an air bnb that would get you 3k a month. What do you have to put down, and what are you looking to buy?
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