April was a very crazy month.
-spent the better part of the month helping family out of foreclosure, bankruptcy, repossessed cars, stacked credit cards etc etc.
-worked on a financial plan with them. They should be entirely debt free in 3 years if they can stay with it. 350k to 0 on 70k a year.
-Bought a 2nd mortgage on a property for 15k, used our line of credit. The property closed yesterday and we made 7k for doing practically nothing.
-acquired the services of a buyers agent.
-walked through around 2 dozen homes, looked over hundreds.
-made a bid on two different properties. One for my personal residence one for rental. Waiting for word on one, got denied on the other. Our terms were good but someone else offered to close in 2 weeks, we offered 3 weeks. Oh well. btw, ATW both properties were around the same area in Denver I previously mentioned. One was 73k other was 87k. Prices are very good right now.
-working with a lender....should be able to pull off 10% down at ~6.85% for the investment prop and no money down on my personal prop (VA loan).
May
-I intend to be under contract on personal prop and investment prop.
-Cleaning up both props.
-Continue to look into deals with our investment partners.
-Learn more about what it takes to be a landlord. (Open ended yes, but I haven't narrowed down what I need to do yet)
-spent the better part of the month helping family out of foreclosure, bankruptcy, repossessed cars, stacked credit cards etc etc.
-worked on a financial plan with them. They should be entirely debt free in 3 years if they can stay with it. 350k to 0 on 70k a year.
-Bought a 2nd mortgage on a property for 15k, used our line of credit. The property closed yesterday and we made 7k for doing practically nothing.
-acquired the services of a buyers agent.
-walked through around 2 dozen homes, looked over hundreds.
-made a bid on two different properties. One for my personal residence one for rental. Waiting for word on one, got denied on the other. Our terms were good but someone else offered to close in 2 weeks, we offered 3 weeks. Oh well. btw, ATW both properties were around the same area in Denver I previously mentioned. One was 73k other was 87k. Prices are very good right now.
-working with a lender....should be able to pull off 10% down at ~6.85% for the investment prop and no money down on my personal prop (VA loan).
May
-I intend to be under contract on personal prop and investment prop.
-Cleaning up both props.
-Continue to look into deals with our investment partners.
-Learn more about what it takes to be a landlord. (Open ended yes, but I haven't narrowed down what I need to do yet)
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
dup_taqis:
