Once I got some systems in place and did the binder strategy, I noticed significant cash flow. About a year after that combined with some new tricks it made a significant impact on my savings rate and my portfolio. Last month my mindset shifted once my net rental income equaled my net w-2 income which also equaled my household living expenses. I’ve got at least 4 years left! Well 3 yrs 9.5 months.

I would add my savings to it and use it as a down payment on a great deal on a strong fit, small multifamily. There is no ambiguity left in this anymore.

In this case there is no FOMO or rush. I would approach it Zuber style.

@Frank Contreras you might want me to rethink that! You’re stuck with me now Frank! And Cynthia!

5% vacancy + 5% maintenance + 5% CapEx = reserve savings rate. Once my reserves finally hit my target then it goes into the next investment account. Once I hit my target I pay for the next thing on the list. Once I hit and maintain my target I become proactive and do the next major system repair or upgrade.

I’m not a contractor but I have quite a bit of experience in construction and fixing things. I can relate to the struggle. There are things that I can do but do I want to do them? I have 2 crawl spaces and a roof that needs to be redone. I know better than to do the roof and I sure as hell don’t want to do the crawlspaces. My solution is to schedule them. I can schedule the roof to be done in the fall and the crawl space to be done the year after and then plan for at least one turn before the next crawl space. My point is you can spend a month or two during a turn 2 years from now which will give you time to plan and find the best suppliers, labor and timing. Maybe you have an employee who you need to employ for a week, send them to work on the next project up. Your schedule and priorities will change. If you can manage a full gut rehab, you can forecast your turns and major projects over the next 5 or 10 years.