All Forum Posts by: Paul Wakefield

Thanks Andrew!

So your example above has a $500/month.

I think I’ve heard BP mention $200/month is our minimum for entering a deal. So a person would need 40-100 investment properties to make $20k a month 100k/year on the above 2 scenarios? How long does that take people ?

My wife is under the impression that you can’t make money on Real estate until a home is paid off. It’s definitely a point of contention for us. 

Can someone tell me what the path looks like to financial freedom? If my goal was to make 100k/year on RE, how many rental units would I need and how much time would it take. I know the answer is it depends but could someone put me in the ballpark? 

What does the cash flow progression look like from year 1 to year 15? I know it starts slow 

Hello BP

Interested in investing in our first rental property. Looking at either a multi unit or single family property.  

Our current home is valued at roughly 485k and our outstanding principal balance is 242k.  

What would be your favorite strategy for obtaining your first rental property? Would you stay in the current home and purchase a rental? Would you rent out this home and find a new primary residence? 

We don’t have much in savings; however we do have equity in our home. How would you finance? Would you pull out a heloc? 

Thank you for your help BP! Excited to hear your strategies. 

When I hear someone say “there’s still around 5 million homes in demand that need to be satisfied before we see a recession” how are they calculating this demand? How are they calculating that 5M figure