🔥 NEW EPISODE: MEL DORMAN https://open.spotify.com/episode/1lbL9uP916RMpnrp2cRSBq?si=5TkJZu6IRnmx9iiqbo6MJQ A close friend of mine, TED speaker, bestselling author of Bank on Your Neighbor, and founder of Seller Finance Academy — Mel absolutely delivers in this one. We talk seller financing, good debt vs. bad debt, creative deals, and how she bought a triplex with effectively $500 out of pocket. If you want to understand how to buy real estate without always relying on banks, watch this one. 🙏 Please follow my channel and like this post — it helps more people find these conversations. https://open.spotify.com/episode/1lbL9uP916RMpnrp2cRSBq?si=5TkJZu6IRnmx9iiqbo6MJQ

I sat down with Coach Chad Carson on the podcast: 🎙️ The parallels were wild 🤯 🏈 Both played football 👨‍👦 Both had fathers in real estate 🌍 Both traveled the world Two different paths. Same playbook. 📘 Chad is one of the nicest 🤝 and smartest 🧠 guys in this industry. He's the real deal 💯 We'll both be speaking at the BiggerPockets Conference 🎤 Chad is the keynote speaker, and I'm proud to call him a friend 🙌 This one is for anyone building wealth through real estate 🏡 while juggling a demanding career 🚒💼 👇 After you listen, drop a comment: What's one part of Chad's story that hit home for you? 💬 And if you'll be at BPCon, let me know 👊 Let's connect in person 🤝 https://youtu.be/PiaGSLHvxrM?is=VMJraERS4cFiQivO

Tomorrow’s Rental Property Playbook call is all about setting up your LLCs the right way + tax strategies for real estate investors! 🔥 We’ll cover: 🏠 LLC setup & structure 💰 Tax strategies for rental owners 🧾 Keeping your business organized 📈 How I structure things as my portfolio grows Bring your questions and join us LIVE tomorrow! 🚀

Hey all! Pumped to share a BRRRR deal I just locked up in Detroit’s upper West side. Numbers: PP: $55k Reno: $8k Closing/refi: $4-5k PML fees/points: $6k (6mo hold) Total spend: $73.5k ARV: $105k $78,750 cash out refi (107% COCROI) Nice thing about this deal is it’s very close to rent ready (The $8k reno consists of cosmetic touch ups, a new furnace + landscaping). Anticipating reno to be complete 1-2 weeks post-close and to have it rented asap, which should effectively eliminate holding costs during the 6mo seasoning period and beyond as it easily meets the 1% rule after refi. Happy to chat with anyone about the deal or Detroit market! -Mike

Sharing a loss with the group, its all part of the journey. As @Brian Waters reminded me, this is a long game and part of the journey. 2nd property I bought in April, the tenant terminated the lease which they were in for 3 months and moved out. Surprising how some people treat the places they live! Damage repair to the tune of over 4K. The house looked like it was lived in for years. I'm dipping quickly into reserves, hope the next tenant doesn't suck!