All Forum Posts by: Ashley Madalone

Just wanted to wish you well in your journey!

Anything on the websites is going to be competitive because everyone has access and the same opportunity.  The stories of the best deals come from those who were persistent and consistent in door-knocking and driving for dollars. Experts note that buy and hold is difficult in A and D neighborhoods, noting that wholesaling and flipping is easier there.  They recommend buy and hold in B and C neighborhoods.  The local paper or county website will have all the info you need for auctions, tax deeds, foreclosures, etc.  

I agree, saving and figuring out finances is a big step in the beginning, that's where I'm at right now.  However, while I'm saving I'm building up my knowledge base.  Aside from the BP forums, I absolutely love the BP books, they're are phenomenal.  Good luck and welcome!

Quote from @Sarah DeMamiel:

Quote from @Ashley Madalone:

I don't know if I'd use the $400,000 to flip or BRRRR as an "intro" to Real Estate investing for someone who is looking for cash now as well as generational wealth.

You could use the $400,000 as leverage into a $2,000,000 property that cash flows $20K+ per month.  Wouldn't that solve her desire to live large now and leave a legacy?

 I mean… when you put it that way. Certainly could. 

That's what makes real estate investing so profitable, you can use your own little money as leverage into bigger deals than you would be able to afford on your own. That's how long-term wealth is created. Honestly, with Flipping and BRRRR, you don't even need to use your own money.

Quote from @Nicholas L.:

@Ashley Madalone

I may not be understanding what you're proposing... but there is no $2M deal that nets someone $240K a month.  Maybe with no debt on it... but if you're putting $400K down, you have debt...

 I think you misunderstood.  The deal was 20% down ($400,000) for a $2,000,000 property that cash flows at 1%, which is $20K a month.  Not $240K a month!  Lol, I wish!  

I don't know if I'd use the $400,000 to flip or BRRRR as an "intro" to Real Estate investing for someone who is looking for cash now as well as generational wealth.

You could use the $400,000 as leverage into a $2,000,000 property that cash flows $20K+ per month.  Wouldn't that solve her desire to live large now and leave a legacy?

I think re framing your questions will help you find your answers.

Instead of asking Is it really possible with current prices and mortgage rates?  Ask: HOW is it possible with current prices and mortgage rates?

There's always going to be something to get hung up on.  Real estate investing has a lot of very complicated moving parts.  Instead of letting it stop you, figure out a way to get over and around them.  If prices and mortgage rates are up, it's going to take an awesome deal to cash flow.  How will you get an awesome deal?  You can make an action plan for that.  But sitting around wondering if it's possible won't get you anywhere.