For most of the homes the carpets alone were $3200 to $4900 plus two coats of paint on every wall and ceiling, replacing broken bathroom sinks, kitchen sinks, faucets, repairing air conditioners, replacing cracked times on roof 36 feet high, bringing in 4 to 8 tons of rocks to make the yards look nice, trimming trees, repairing sprinkler systems and the piping, replacing refrigerators, stoves, washing machines clothes dryers, water heaters, painting garage floors ceilings and walls, bringing in 20-yard trash bins to remove all the carpets, trees trimmings and trash left by tenants, replacing all the window blinds, door knobs that are broken and locks for the main door and locks for the garage door so the keys match, repairing garage door openers that are broke, repairing the garage door rollers and seals, painting the trim outside the house, replacing facia boards that are 36 feet high, replacing window screens and the screens on sliding doors, replacing entire windows just because tenants broke the window locks and they cannot be repaired, replacing kitchen counter tops that are destroyed, replacing all the kitchen doors and drawers because tenants destroyer the cabinets by hanging their wet laundry in the kitchen cabinet doors to dry. replacing garbage disposers, dishwashers and the list goes on and on.

I rely on my agents in various markets to provide me with the best info at their disposal, get a team around you, and get to work.My process for flips goes: 1) find an agent (this is the most important) 2) find a portfolio lender 3) find a contractor 4) find an inspector.

Disposable income is very alluring, you can get new clothes, get a new phone, buy stuff for your hobbies.

I worked my way up in sales and now earn over 6 figures with no college degree and best of all not 1 dollar in student debt.Know with my salary and very low personal debt I use all my disposable income to invest in real estate.Long story short, you will have people and family tell you that if you decide not to continue you’ll be a failure.

The Chinese are gonna have a lot of disposable income now that they can't spend it on exotic dogs and rats, you hope, young kids will be tired of the same usperhero garbage now that they see a virus can end them all, and bring back cinema to hollywood!

@Mike Hurney Well she always had something to complain and I’m pretty sure she broke the dryer and garbage disposal due to misuse, but there’s no way to prove that so I fixed it while she’s still renting.

Also when the time comes, I am available to help you or help you find a Commercial/Investment Real Estate advisor to help you acquire/dispose of properties at the best price with the least amount of hassle.  2.

I know it’s a little more powerful than that if you use leverage but if/when you choose to dispose of the property and take the cash you have to repay those taxes correct?

Is there a good strategy for someone who has ample resources and disposable income but lacks the time as you suggested?

That being said, we all pretty much can start at the same point with the same weapons at all disposal, but are paths to the end, most times will be different.