All Forum Posts by: Ron Orr

The advice above is correct When marketing you are solving the homeowners problem always think how they will perceive it. Does it feel authentic or automated? I got the same person blast commenting on my YouTube now, obviously I can't take them serious

More monthly passive income than recurring expenses I think consumer debt credit cards should be paid off Working 10 hours or less per week

Cash flow not enough is the big one Vacancies and damage can add up over time 5 rentals and 5 late payments at once you'll feel that. Budgeting for bigger expenses down the line. It's mostly all points back to cash flow and knowing expenses. I was a landlord on a handful of homes for years.

Welcome to the community minnesota is a great area and you should check out mnreia.com

I would want to know where the money is coming from if needed or have some potential buyers in your back pocket 

Originally posted by @Jose Castillo:

Ron Orr awesome thanks for the advice. Are you still doing DM?

I haven't been lately. Mostly online stuff  

yes the motivation I think would be high after many years Wendy Patton use to say 5 years that sounds about right 

I'd be curious of people's opinions of the affect on the real estate market do to the $30 trillion transfer of wealth about to happen. Over the next 20+ years we have baby boomers retiring and as they are now starting to reach 70 1/2 they are forced to pull some withdrawals out of their retirements. This would be money leaving the stock market which would cause many stocks selling which through supply and demand can cause stock prices to go down. Many in the financial world make money of managing the money and they'd have less in fees which may cause them to sell. Prices going down could cause people to panic some and start selling. Baby boomers are aging so they are going to start putting homes on the market in supply plus go to assisted and nursing homes. The younger generation is often renting and not choosing to buy and reports say they don't have money saved. The housing and college loan bubble ad to this huge demographic shift. If lending tightens it could have a compounding effect. A lot of these shifts and bubbles are possibly in the trillions and just want to know what people's thoughts are as far as how big this could happen? I've been in the biz since 2002 and pretty much predicted it all easily 1 year before the last crash, love to hear others thoughts on what we may see.

Commercial financing with more of a down payment. Connect with a local mortgage broker.

The new cost could make cash flow tough and the renters could damage a lot of it