All Forum Posts by: Marisa R.

Funny I was just listening to Robert Kiyosaki's "Before You Quit Your Job." I'm at the part where he says "There are many ways a person can go to reach being a millionaire." They are:

1. Inheriting money

2. Marrying for money

3. Being cheap

4. Being a crook

5. Being lucky

6. Becoming a smart entrepreneur

Marry a sugar daddy:)

1 Vote

Another update on this project.

Rehab completed.

Glad I decided to keep this property as in a rising market you will make more money if demand continues, and this is what I am seeing in Bagley.

I had my realtor/property manager view this property and she believes we could now achieve $120,000, this is with rent ready rehab ($9000) I spent. It would achieve more with a retail rehab but not ready to go down this road just yet.

The strategy now is to rent it out and just hold while prices continue to rise

Will post photos shortly

0 Votes

Originally posted by @Melissa Nash:

@Thuy Pham-Satrappe I do!

Here is the info;

Paid cash $18k

$6k rehab quote

Rents for $625/mo

PM found a squatter, stole copper and needs new hvac.

New rehab cost $16k

Total in $34k

Pm placed section 8 tenant after 1 week

Cash flow =(No loan) $560/mo

Guaranteed rent check - section 8 is awesome for that. Pm deals with everything, I will never actually visit this property, high rental demand area, will never appreciate, and I sleep good at night.

Me= happy camper.

Hey happy camper

Good for you

Some markets will be just fine for section 8

1 Vote

Originally posted by @Sean Tucker:

Originally posted by @Marisa R.:

I personally prefer distressed properties where I can add value and then have equity

It may be more work but if you have or network with the right people it makes sense. More money in your pocket

I am out of State investor and am making Detroit market work well for me

What do they say.....no guts no glory...LOL

are you looking for more detroit?

I am currently bedding my last 2 rehabs

Both just competed

My plan is to firstly ensure that my assets are performing, by this I mean cashflowing

I will then target growth/appreciating areas in Detroit

Baby steps at the moment

1 Vote

Originally posted by @Andrew Truong:

Hi, my name is Andrew. I am 23 years-old from Atlanta, GA. I just recently got into real estate investing after realizing that I don't want to spend the rest of my life working a 9-6 job. I have no real estate background or experience whatsoever. My goal is to gain financial freedom and being able travel where ever and wake up whenever I want to. I truly believe that I can do achieve by real estate investment. In this journey, I am focusing mainly on rental houses and properties, but I am still open to other methods as well.

As of this moment, I am trying to pay off my student loans from my $40k job. I will be done paying them off by April 15, 209. Afterwards, I will be focusing on saving a lot of my money on real estate. I did create a budget on managing my money. I recently open a credit card to improve my credit score, so when I do start investing, I will have the credit to take out loans. I am currently watching Youtube videos and reading the Ultimate Guide to Real Estate document and BiggerPockets content to gain more knowledge.

I am currently looking towards in investing in Atlanta, GA and Florida. If anyone is willing to give tips or just connect, I am always open to it. Thank you for taking the time to read this!

Atlanta inventory is very low unfortunately

Start with meeting with the local investor groups, believe there is one in Buckhead, this is a good way of networking and learning

0 Votes

All Forum Posts by: Marisa R.

Marisa R. has started 68 posts and replied 570 times.

Post: Your Detroit cash flow property criteria?

Post: What would you do with 80k?

Post: What would you do with 80k?

Post: How do you become a millionaire?

Post: Clayton Morris / Morris Invest House of Cards starting to fall.

Post: How do you become a millionaire?

Post: Buy and Hold or Flip???

Post: Do you invest in high crime areas?

Post: Turnkey solutions - yay or nay

Post: Beginner to Real Estate Investments / Atlanta, GA