All Forum Posts by: Tyler Ansell

This is 100% NSFW and probably not for the faint of heart either-he's brash. But if this doesn't give you some Monday Morning Motivation I don't know what will...

http://themfceo.com/idea-success-andy-frisella-mfceo132/

Thank you @Candace Postell and @Alex Kanonczyk!

Thanks @Alex Shaughnessy, hopefully someone can draw some encouragement if they're down in the trenches. 

Thank you @David Zheng and @Mindy Jensen. I am familiar with @Thomas S. because I usually have differing opinions on posts in the landlord forums haha! Thank you all.

Thank you @Thomas S., I appreciate that alot!

I have $7.32.

Of course I'm not a complete idiot. I have my emergency fund and a mortgage payment set aside. But for all intensive purposes, I have $7.32. That also comes with a shiny $10k in credit card debt from the rehab. But guess what?! I have purchased and fully renovated half of a duplex and am set to start cashflowing $400/month. That number will turn to over $1400 once both sides are occupied. 

It has been quite the journey, but over the past 60-70 days I've singlehandedly, completely renovated this home with only the credit card that I recently acquired and every spendable penny from my W2 paychecks. 

People (read: best friends, roommates, some family, etc) say I'm crazy, at first it bothered me. It made me question if I was doing the right thing. But constant dedication to my success kept me focused on my near goals, and my long term ones. Since the end of December when I really committed to getting this RE train rolling...I've worked no less than 120 hours a week. I decided that I would not sacrifice my study time (podcasts, reading, seminars, videos, journaling etc.), and I needed to remain successful at my W2 (Property Mgr 570 beds of student housing, $30+MM asset), as well as hand-on renovating this duplex. 5am until work I study, day job in the middle and work no later than 11pm on the house. That includes 36 hours of work every weekend, too. I'm not writing this to be a braggard, I'm far from being able to brag. But you should know that this junk is hard. Even for me, whose been working in multifamily since I was 19. I've been managing $25+MM assets since I was 22. This was the hardest thing I've done to date.

Property turned out nice. Once I finish some exterior work and the other unit I'll stand to make some killer money. In fact, from January 1st to the upcoming June 1st my girlfriend and I will have flipped our cost of living from -$2100/mo to a +$300/mo. A $2400 turnaround, per month.

Thank you to BP for helping me stay interested in RE during the frustrating times and though she'll likely never see this...to my loving lady for putting up with my through it all.

You have quite the resume @Rich Weese ! 

Hover over the bell symbol in the top right by your picture. It'll say "manage alerts" from there you'll see "forums" and then "my posts" @Rich Weese

You need to focus on growing your education before you worry about actually investing. Read Brandon Turner's books asap. @Rona Si

That's killer! I am completing a renovation for under $13k by doing the work all myself too. Amazing how much money you save without paying labor costs @Mitzi Castiglione