All Forum Posts by: Reggie Maggard

I don't know the details of your finances, but assuming your debt free and dont need the income, refinance and then get a heloc on it. This gives you tax free cash to grow your business. It may be hard to find a lender that will do that without some seasoning, but do that asap. Avoid taxation.

Listen to this...pin your ears back and focus on that down payment. Talk to lenders tomorrow and find out how old you need to be and how much you need to have. Work your but off after high school until you hit that target. Be debt free and save that down payment. House hack...look it up. Buy a fourplex, live in one unit (in order to get best terms) and manage the hell out of it. College is a waste and for suckers (I got 8 years under my belt I know). The real education needs to be focused on real estate and passive income. Read everything recommended by the peeps on this sight.

I just did the same thing. Only regret is that I waited so long.

Ok, first off, dont be paralyzed. Educate thyself and then dive in. Your going to make mistakes. Avoid the big ones by educations. Get that first deal and start trimming the fat. Buy a 4 plex with low money down, live in one unit and rent the others. Live for free. repeat yearly. Its literally that easy to be a millionaire in 8-10 years. Set goals, execute. What are you going to do tomorrow to make this happen?

The red states. Thats not political just fact.

Manage the hell outta this thing (trim fat, milk it, produce fruit, etc...), save. Dont over leverage, and when you have the cake, do it again. I get what your saying about the time it takes. Your getting great education and experience. Maybe that can help you get into a partnership with someone who has the cake and now you have the experience. Put together a deal that works for you and the investor.

The key to house hacking is to find a 4 plex and a loan with least down payment. I will assume your debt free except real estate. Then manage the hell out of it and do that every year and move. For me, flipping is like roulette at the casino...so treat it like a business and not a hobby.

If they aren't costing you money I would agree. I personally like to live closer but lots of people do it long range like that.

Very nice. Do that every year now.

Oh Im not well versed on that. I would encourage the house hack option and buying a residential multifamily possibly. Lots of people come out rent free doing that. But find the least down payment option if your living within your means. Live like no one else.