All Forum Posts by: Julien Jeannot

 I agree, that's how I got started and never looked back.

Yes it does and like all real estate wealth building strategies, its a long term game.

Rents will catch up to produce adequate return. You don't retire on cash flow, you retire on wealth build strategies which converts into cash flow.

1031x the condo portfolio into multi.

In their name.

Depending on the utility company, you may still be responsible if the tenants do not pay, but it makes management easier.

Thanks for sharing.

Live and learn, but you have made the hardest step of all: the first!

Keep it!

I play the long term equity game. I would have figured out a way to by 10x years ago. 

Reporting on revenue is 1/2 the picture.

Cut revenue in half to account for expenses will get you a better estimate on the take home.

Then apply hours works and the per hour isn't great.

Sounds like you are in a good position.

In my experience, the first one is the hardest to acquire and not necessarily because of finance. Its a mindset thing and you just have to trust yourself and take the plunge.

With a solid realtor and team by your side, you'll be able to figure things out.

Congrats! A duplex is a solid start.

Great advice above.

- Maximize rents and add value to boost the building value.

- Educate yourself in the commercial work, start networking with investors and brokers.

-Save and build up a "war chest" to invest in the next property.

Regardless of the firm, find one with good mentorship.