RENT to grow?

Pick a market that is consistent with your investing goals. Some areas are better for cash flow while others appreciate faster. What about job and poplutlaton growth? You would also like a home where you can add value.

Now that construction is over, rent out the property to make the most money possible. Sometimes this means living in one unit and renting out the other, renting out a room, or any combination of long, short, and mid-term rentals that makes sense and cents for you.

Now that you have some or all of your money back, repeat the process.
Using this process can help you accumulate many more properties. DSCR loans can be a great option as well. DSCR loans treat properties more like a business than a place to live. This can be a great way to buy many properties without a significant increase in your salary.

This is where we add value. Typically, we will be fixing it up at the very least and hopefully changing the layout to possibly create a new revenue source. Some ways of doing this are creating a separate rental or renting out a room.

This is where you pull your money back out. Hopefully, if done properly, you will own a cash-flowing property with little or no money still in the deal. Any money pull-out is not considered income because you still actually owe the money on the property.

At some point, you will hopefully start to generate enough cash flow from accumulating properties to cover your cost of living. Depending on your goals everyone will have a different idea of what is the best life. You may continue to invest and spend more time on building new strategies or hire a property manager and get mailbox money. The choice is yours and that is the point!