All Forum Posts by: Alyssa Correthers
Alyssa Correthers has started 5 posts and replied 12 times.
Post: No Money, No Savings. What To Do.
- Indianapolis, IN
- Posts 16
- Votes 2
Originally posted by @Adam Carl Birgenheier:
Hahaahhaahaha yeah dude you totally got me there.
I know what investing is.
But what I am trying to say is that if you are only doing real estate, or any other form of investing solely for money, then you are going to end up like @Jerryll and have to pump his programs to keep afloat financially.
There are intrinsic and extrinsic values to investing..... money being extrinsic, and your 'why' factor being the intrinsic. Maybe your 'why' factor is for financial freedom, sure. But many others, including me, are not egotistical, money-hungry, rainbow chasers who listen to BP all day and take 0 action claiming to be "flipper/rehabber in Sacramento".
I do real estate for more than just a monthly check. I do it to help my family as well as my community. Purchasing ran down houses, flipping them into turn-key residencies, and renting them out for a fair price, where both the tenant and I feel like we both won, drives me more in life than anything else.
Yes, getting a check every month in the mail is fun. Yes, seeing your equity build is fun. Yes, quitting your job is fun. But if you are doing real estate solely for money and nothing else, you are going to get burnt out really quick and go chase bitcoin and other pump and dumps and end up like 90% of the other real estate investors here not take any action.
-- but like I said, do what you think is best. Chase the golden dollar and see where you end up a few years from now.
I actually appreciate this post. I help my grandfather manage his properties.... (btw in Indiana, we do not have to have a real estate license to work for a property management company...) but currently he owns roughly 130 properties, all in low income areas. Growing up that was my dream... help make the lower income areas a better place, one house at a time. That is my WHY!!
what is a PM?
@Jerryll Noorden, thank you for all your help!!
@Adam Carl Birgenheier, I’m not going from one form of real estate to another... I’m going to keep doing what I’m doing now but I’m looking for something to do in between all of that. I’m looking for something real estate wise, to do in between the long flips & just collecting rent every month. Also looking for something that will bring in another income. I figured wholesale would be a good option...
Post: How you collect from your rentals
- Indianapolis, IN
- Posts 16
- Votes 2
Originally posted by @Caleb Heimsoth:
Why do you want to wholesale if you’re already successful at owning rentals ?
Basically because i want another income!