All Forum Posts by: Jessie Nunley

Congrats on the successful first investment. I have long been a fan of Turnkey properties and will possibly use them in the future as my desire to be more hands-off increases!

@Paul Sandhu I have impeccable financial intelligence and discipline. When my wife and I left the military we had close to $130k in savings and virtually no debt. We purchased our forever home last October and plan to have it paid off in 7-10 years and we just purchased a duplex with a business partner with a portion of our savings. We plan to add our second property with @Brian Scheer in the coming years.

@Steve K. I’m not pointing fingers or anything like that but why would you rent to a couple with 1 member not being employed since 2017? Also, why would you rent it them a 2nd time is they left a previous property a mess when leaving?

@Lee Yoder amazing work! Congrats to everyone involved!

@Katie Miller if I had $1 million dollars to invest I would acquire an apartment complex and convert it into section 8 housing for single parents, ex convicts (nonviolent), and veterans who struggle with being homeless. My “Why” for this is because I have personal exposure to all 3. My mother raised myself and 3 siblings as a single parent and we lived in a trailer park. Her income after taxes each year was below $18k but we survived. My father (who left my mom when I was 3) is an ex convict who always had to work odd jobs in construction or maintenance and could never get a place of his own because of a felony conviction. Finally, I am an Air Force veteran and know that some military members struggle with depression and not having a purpose when they leave the military. Some become homeless because they lack the right help to transition from military to civilian life.

@Joe Villeneuve you are assuming that this young man has the ability for each of those to happen. He’s clearly not as experienced as you and does not have the same resources as you either. As much as I’d love for everyone to be able to reach that amount of success, it’s just incredibly unlikely on a 6 year span. Unless he has significant $$$ to invest now.

@Joe Villeneuve I tend not to make very many assumptions when giving advice. Right market, right time, right strategy, right career, right this and that. All assumptions that may or may not work out. But yes you are correct, if everything worked exactly as planned then he surely could reach his goal in 6 years.

 I respectfully disagree sir. The chances of this young man creating $50k in cash flow per year without doing at least one of those is incredibly small. Unless an established investor such as yourself mentors him and helps him find deals. But the likelihood of that happening is pretty small as well. Ive learned that most investors don't like "mentoring" new investors because it takes too much of their time and potentially takes deals away from them.

 Great mindset sir! My wife and I have nearly an identical goal to yours. We would like $5k per month but we have pensions on our side. We are both part of the Air National Guard and I am also training o become a firefighter. With those three pensions combined we will be over our $5k per month goal but we have to wait until we are 60. Our main real estate investing goal is to pay off our home in 10 years instead of 30. By doing that we are basically creating a cash flowing property of $750 per month (we pay ourselves that money) and we are reducing the amount of interest paid to the bank by $73k. Our other real estate goal is to buy 2-5 duplexes and have them each paid off as soon as possible. This will allow us to retire before the age of 60 and then have our pensions waiting for us once we turn 60.

@Matt Burgess this is absolutely possible but you better have a pretty high paying job to get you to that point. $50k per year in cash flow in 6 years is gonna take some serious equity on your part. Buying properties that only cash flow $100 per door won’t get you there very fast. Best of luck!