All Forum Posts by: Anthony Gayden

This year (2020), I started my real estate investing journey. I am scheduled to close on a single-family property in Franklin, KY next week (at the latest). This is my first true investment property. I am also watching the "Financial Independence Blueprint" videos, and developing my own plan. My goal is to purchase Single Family Homes that cash flow $200 per home, and Multi-Family Housing that cash flow $100 per unit. I'm lucky enough to have a career that meets all of my expenses. I'm a local (Fruita, CO) and long-distance (Bowling Green, KY and surrounding) investor. I plan to BRRRR early on in the process, and reinvest all cash flow and equity into more properties. My goal is $10,000 per month in cash flow, which could be accomplished with 100 units.

I'm looking for perspective on "The Stack", especially the latter years. I don't need to "see" the whole journey to take the first "step", I'd just like to talk to someone who is farther along in The Stack to get their perspective. Here's my hypothetical stack:

1. 2020 – One Unit
2. 2021 – Two Units (3 Total)
3. 2022 – Four Units (7 Total)
4. 2023 – Eight Units (15 Total)
5. 2024 – Sixteen Units (31 Total)
6. 2025 – Thirty-Two Units (63 Total)
7. 2026 – Sixty-Four Units (127 Total) *Mission Accomplished*

The first four years seem reasonable. The fifth year seems ambitious. The sixth and seventh years just seem... wow! With this exponential growth, the 5th, 6th and 7th years are the most critical to accomplishing my goal. Is this Stack still possible? Please let me know if you have real experience with this, positive or negative. I know that The Stack is just a guide or framework and life often turns out very differently. But, I just want to hear from experienced others. 

Geez...the smug attitudes in this thread...

"Oh no, you're getting direct mail...must be so hard to throw it out along with all the insurance, cable, coupons you get." (Do you complain about those to AT&T and WalMart?)

To anyone reading this thread

...who didn't invest in real estate 30 years ago (and it's appreciated 200%+ since then)

...who didn't buy all their properties on the courthouse steps 20 years ago

...or. who didn't buy REOs when they rained from the sky like manna in 2011

Finding off-market deals is $#*@*% hard. Especially in one of the hottest markets in history.

Well, when you've only invested for 1-5 years...You have no credibility. 

You have to MAKE your own luck. 

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I sent out 2800 letters last month...got 3 deals...in a hot market. (I closed on all of them, no wholesaling)

#1. I didn't use 'deceptive' practices

#2. I didn't 'trick' someone out of their property. They knew they were selling at a discount.

#3. They weren't 'dumb' sellers. 

I got 2 happy video testimonials out of it for proof...

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Yes, most wholesalers suck. 

All the people you hear on the podcasts who've made it big all correlate their success to working harder than others...pushing when others are telling them 'no.', 

Why dump on people trying to do the same?

I personally don't text random numbers as that's lazy and I think it starts a relationship off wrong...

But maybe see these people reaching out as potential partners...real estate is small enough as it is.

Daily texts, calls and postcards. Anyone else just absolutely worn out? Everyone has the same pitch too. 

Hi all, I recently became extremely interested in real estate investing after I happened to randomly strike up a conversation with one. I am 31, I'm a nurse practitioner and am honestly sick of the 9-5 and just want financial freedom. I make about $100k and also teach part time which brings in approximately $3k extra per year. I have about $40k student loan debt and $40k car debt which I plan on selling my car for something cheaper to get to my goal quicker. I would love to replace my income in the next 7-10 years if possible and quit the rat race. My plan is BRRRR, so far I'm on my 3rd book and getting really excited about investing. What do you guys/gals believe the best strategy would be? All cash deals (currently don't have the cash to purchase a property as like I said this interest just struck me in the past few months)? Conventional loan and save enough for 20ish percent down? Just looking for advice on how to get there as efficiently as possible. Thank you!

I’m about to do a 1031 exchange in the next 45 days of upward of 1.5million (30% downpayment) with financing.

I also own 4 duplex’s that outright that I wanted to cash out refinance which could boost my purchase power to basically 3million but I don’t want to put myself in a position of being over leveraged

I figure maybe it makes sense to do the 1031 exchange, use my other properties as a safety net against my debt, and then in 6-8 months proceed with the refinances of my duplexes and buy more real estate... Thinking July 2021.

I can’t tell if I’m being smart and conservative or just being a scaredycat. Someone let me know...

Hello! New to the concept of real estate investing but am very inspired and excited to learn. Hoping to learn everything possible about BRRRR, multifamily in the Omaha/Lincoln area as we live here! Found out about Bigger Pockets from an apartment syndicate webinar, ultimate goal is passive income through cash flowing real estate. Looking to jump in the next few months and looking to get our team together while learning from podcasts, books, videos, practicing numbers with the calculator, etc. Hoping to make it to a local REIA as soon as possible and start networking. Thanks!