All Forum Posts by: Leandro Gabriel Chavarria

@Erik Browning I definitely will be looking off the MLS since my understanding is a s you said, off-market homes are more likely to give me better cash flow when fixed up.

0 Votes

Richmond, Virginia

@Nathan Gesner I appreciate the precise distinctions. That makes a whole lot more sense. I haven't seen anyone break it down that much. I will check out the links you shared. Much appreciated.

2 Votes

Richmond, Virginia

Quote from @Chris Webb:

Google "Dion talk Financial YouTube" and learn about his story. No BRRRR and he is financially free. Still works, but as he says "it's optional." He might give you some inspiration about moving forward. He talks about the income snowball and how it takes time at first, then it builds up. I hope this helps.

Thanks Chris. I’ll check that out.

1 Vote

Richmond, Virginia

Quote from @Adri Jusczak:

Hi Leandro,

I haven't retired from my W2 yet, but I'm on my way to retirement. My cashflow is roughly $250 per door after setting aside money for repairs. My cashflow not setting aside for repairs is roughly $400 per door. These homes are in my LLC, once I hit my goal of $10,000 in cashflow monthly, I'm planning on paying myself through my LLC an "owner's draw". I'll then take half of the cash flow towards the owner's draw and will continue to give myself a raise as I buy more rentals.

@Adri Jusczak thanks for the response. It’s good to see it broken out by someone doing it. How many doors do you need to get you to that $10k? I assume these are properties that you have a property management company taking care of? I can’t imagine having a w2 job and doing the management of that many properties.

1 Vote

Richmond, Virginia

I keep seeing videos, articles, etc talking about BRRR and how to use rentals as a means to quit the 9 to 5 job. Maybe I'm missing something but how would one do this with rental properties if the cash flow (assumed $200-$300 per door) is being kept in an account for potential repairs? I guess I would like to hear from folks that are now doing real estate investing full-time and no longer have a W2 job. Would this freedom come after 20 years when most of the properties are almost paid off?

2 Votes

Richmond, Virginia

All Forum Posts by: Leandro Gabriel Chavarria

Leandro Gabriel Chavarria has started 1 posts and replied 5 times.

Post: Living off Real Estate Investment fulltime

Post: Living off Real Estate Investment fulltime

Post: Living off Real Estate Investment fulltime

Post: Living off Real Estate Investment fulltime

Post: Living off Real Estate Investment fulltime