All Forum Posts by: Terrill Clark

I really appreciate all of the info everyone...this is why I'm glad BP exists!

Lee Ripma thanks for the advice! Are you planning on keeping the duplex & 4plex in addition to the 20 units you're going to get? Anything in particular that is swaying you away from the smaller 2-4units and going toward the 6-20 range?

Mike Dymski thanks for the encouragement! I figured whether it was 5 units or 105 units, it was all the same. I figured the only difference would be the amount of work/people I deal with...that alone tells me I need to get more educated on the topic

@William C. Could you PM me? Maybe your uncle could be the guy to get me started. Thanks to everyone's posts, I see I need to become more knowledgeable first though

Michael Boyer WHOA haha thanks for that insight! All of that just made me more excited to get started. I don't think I thought that deep when it comes to what I should expect but I think the experience will be great

Jonathan Twombly that makes sense...I'm going to read up on this more, listen to more podcasts to become more knowledgeable and take a leap

Abel Sng congrats on the new property! I'll keep your advice in mind. The bridge job doesn't sound like a bad idea especially since people are suggesting I just get started anyway

Jonathan Twombly I guess my concern with there money made per unit is based on my desire to make money in general. I work very hard and I don't want to HAVE to work this hard when I have a family of my own Once I get at least $3,000 monthly coming in that could take care of bills, I know I'd be much more focused on the investment return. I appreciate your input though! I need to just get started. Would you suggest I start small or wait for a larger opportunity to take care of my short term $3000 month goal?

Abel Sng when I say "net" I'm referring to the money ACTUALLY made each month from each unit. Sort of like "payday" I didn't really give much thought on going in alone vs trying to find a partner, I just felt that having the capital would help me out. I've read so much about reserves etc that I just wanted to be prepared, even if I didn't use all of my life's savings haha I'm very ambitious and I just want to succeed. I'm trying to be the one in my family that will show the younger kids that we don't have to always work for someone My goal is to make $6,000-$8,000 monthly through real estate. I'm currently working 72hrs weekly and only making 4K monthly. I NEVER want to have to work this hard when I'm older when there are people doing much less & made it possible through real estate

Ken P. AWESOME! This is what I was hoping for! Thank you