What plan would you give them? This group won’t likely have many beginners, but if you had to create a roadmap for someone to start I’m curious how you would tell them?

I’m hoping to get some feedback on how to build out a framework on underwriting service businesses for acquisition. If you have an experience or formula you typically use, I’d really appreciate the insight. I’ll be specifically looking at it in comparison to REI Buy and Hold Rental Property.

6 weeks ago I felt settled in Austin and I wanted to start making money here. I haven't bought a rental in a few years because I was bouncing around locations (Charlotte, then Maui, now Austin) and the market didn't seem very favorable. I started going to real estate events and talking to local investors with the goal of finding someone who invests like I want to invest - underpriced, bullet proof, single family rentals Found a guy who is doing it, met a few wholesalers, talked with a bunch of private lenders, started underwriting deals. Today I signed a contractor for one 197k purchase ~30k rehab 320k ARV 2500 rent should be able to refi out 100%, pay my investor, and cash flow neutral. If I had borrowed 100% (which I could have) then I might have been able to do this with no money out of pocket. Property is in Austin zip code We shall see how the real numbers shake out, but it feels good to be buying assets again

I have a definition that I like. It keeps me grounded and prevents me from the hedonic treadmill "Financial freedom is being able to earn the average American income passively or with full autonomy" That number is currently $5,300 per month in gross income

Hey all - I am under LOI to buy another accounting firm (in Colorado @Mindy Jensen ) , and I'm also looking to acquire their office suite. One of my properties is currently vacant and I'd like to do a 1031on that property into this office suite and need a recommendation on a 1031 intermediary to help me with that process. Appreciate any of your suggestions!