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My name is Charlie, I am located in the midwest of the United States. Recently read the Fastlane Millionaire for the second time, after reading I subtly suggested the book to two family members in hopes they would also appreciate and be accepting of the mindset shift in thinking. So far there has been positive feedback.
My wife and I recently bought a duplex we have fixed up over the last 5 months. We are now looking for a tenant and are located near a large university. Coming from low income childhoods we saw building a real estate portfolio as a route to wealth. Buying duplexes and living in half to qualify for better loans, rinse and repeat. The capital needed for each property investment is substantial and the trajectory to become detached from this money tree will include large sums of capital investment and ultimately a team of property managers. We are still pleased with the choice to do this first investment but after reading Fastlane Millionaire for the second time I am rethinking our plan and think it might be a solid slowlane route.
Real estate is a corner stone need for humans so I feel confident there is potential in this area. The first approach of simple buying and renting out property doesn't have the element of exponential growth. Through this first property there may be an opportunity that becomes more obvious that needs solving through technology like some sort of service to provide to other landlords/renters.
We both work decent 9-5 jobs and have brought this property up to standard in our free time, we are both on board that our initial plan may need some reworking and are optimistic we will find a route to do just that.
My wife and I recently bought a duplex we have fixed up over the last 5 months. We are now looking for a tenant and are located near a large university. Coming from low income childhoods we saw building a real estate portfolio as a route to wealth. Buying duplexes and living in half to qualify for better loans, rinse and repeat. The capital needed for each property investment is substantial and the trajectory to become detached from this money tree will include large sums of capital investment and ultimately a team of property managers. We are still pleased with the choice to do this first investment but after reading Fastlane Millionaire for the second time I am rethinking our plan and think it might be a solid slowlane route.
Real estate is a corner stone need for humans so I feel confident there is potential in this area. The first approach of simple buying and renting out property doesn't have the element of exponential growth. Through this first property there may be an opportunity that becomes more obvious that needs solving through technology like some sort of service to provide to other landlords/renters.
We both work decent 9-5 jobs and have brought this property up to standard in our free time, we are both on board that our initial plan may need some reworking and are optimistic we will find a route to do just that.
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