At what point do you feel confident dropping the W-2 and relying fully on your real estate ventures? And how do you structure your income when you’re primarily doing BRRRRs? If you pull cash out on a refi and have excess debt proceeds, are you living off that? Or do you create extra income by wholesaling, flipping, or doing something else on the side to keep your cash flow consistent? I’m trying to wrap my head around what that transition looks like and how people are really sustaining themselves once they go all-in. Would love to hear from those who’ve been there — how are you keeping the flow going once you’re full-time?
- 👋 Hi, I’m Payton! I live in Oklahoma - I currently have 0 rentals and want to have 2 rentals by this time next year. - My 3 biggest challenges with RE investing right now are creating my team of lenders, contractors, and mentors/accountability groups, getting more educated on the BRRRR method, and getting my business fully set up to start buying properties. - For fun I like to be with my growing family, and spending time outside. - Something I'm currently obsessed with is drumming. I’ve been a drummer for 15 years and absolutely love doing it.
Everyone, I’m curious your creative ways to find deals outside of circle prospecting through something like deal machine. Are you targeting senior living managers, for sale by owners, for rent by owners, realtors, feeding you pocket, listings, etc. What are you doing that out of the box thinking to find your deals?