All Forum Posts by: Andrew McGuire

Buy a few rental properties, plug tenants in, put up your feet and watch the magic happen right? Do this a handful of times and your coasting well on your way to early retirement and cashflow to fund your ideal lifestyle. Well not exactly, especially if you bought properties after the crazy bidding wars and interest rates spiking in 2022.

Truth is investing is the hardest its ever been for a variety of reasons. I already mentioned crazy prices and high interest rates which increase the barrier to entry and finding properties to cashflow. You add to that saturation of many rental strategies like AirBnb/VRBO, stagnant rents and increased operating cost across the board. Its Tough on Landlords these days to keep their head above water. So does that mean you shouldn't invest in Real Estate at all?

I believe there are three reasons you should still invest in Real Estate. I've outlined these in detail in the video. Hint, if you have children or pay taxes on your income you might be someone who it still makes sense for.

What is your portfolio made up of and what is your top strategies. How have you failed? 

I would try a room by room rental but depends on CCR's and what you can do with the cars. I've had good luck putting these on Facebook in the church community websites. They are always looking for housing, jobs etc.

They never believe you until you make it, not on your way up. Its frustrating but screw them. 

Did this in 2021, have you heard of the entrepreneur seizure? I had them all the time, leaving a stable job/pay when you have family to support is wild. Looking back now I'm glad I did the pressure makes diamonds, if I had a lifeline I probably wouldn't have worked as hard to get properties cash flowing and building a nice RE Agent business. There were a lot of sleepless nights on the way though for sure. 

ask investors, agents and property managers.

Doesn't matter if it sells for less than purchased in my opinion. I would look at how much equity is in it and what is the return, in this case loosing money monthly would certainly make me want to sell but were not done yet. What is the interest rate and principal pay down? Do you need it to offset your income, I've kept or sold properties based off of depreciation. 

Yes stacking up, do you think it will breathe some life into those markets? 

 Me too!