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Cash Flow 2.0
347 posts

Cash Flow 2.0
@REI2point0
Rural Real Estate Investor | Buy & Hold | Fix & Flip | 100+ Deals | 400+ Units | Here to Learn & Get Better
Rural America Katılım Ağustos 2020
924 Takip Edilen1.1K Takipçiler

@jgarrett1983 Update mine bi-monthly. Took me way too long to implement this
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@REI2point0 That's a lot of fun :)
Was your friend already in RE or you brought them in?
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@col_the_midlife Not empty, but we’ve definitely experienced a tightening of the market
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@realEstateTrent I look at them as future drive through dispensaries
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@AlexMultiFamily @RohunJauhar @theFORTpodcast Don’t think he was an engineer, but your comment still made me think of his story.
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@AlexMultiFamily I listened to @RohunJauhar recently on @theFORTpodcast talk about leveraging his tech background to create a large RE company with $500M under management with just 3 GPs because of their ability to automate and delegate. Was a fascinating listen!
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My dad was a lawyer before getting into real estate. Huge advantage.
I’m a software engineer. No advantage.
Michael Girdley@girdley
I'm of the school that you as an entrepreneur should know as much about general business law as your lawyer. If they advise you of something you don't know yet, make them teach it to you or google it. Then let them worry about making sure the details are right in contracts.
Millburn, NJ 🇺🇸 English

@RealLifeRentals I love it and it makes perfect sense. I wish I had the inventory right now to try it on one but the flip cupboard is pretty bare for me at the moment
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@REI2point0 I'll probably do a video and/or blog post about it. This is the 2nd time I've done it and the profit is actually higher than if I would've done a full rehab (the way we operated before). I do think this is highly market dependent and depends on what buyers expect
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Three more renovated units have rented for $825 since this tweet less than two weeks ago. Steamrolling towards this refi!
Cash Flow 2.0@REI2point0
Working towards a refinance of a MF where the units were at $475-$525 at acquisition. The first two renovated units have leased for $825. Increase NOI, increase value.
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@Cribdilla @pslohmann Made an offer on a beautiful mid century modern house last month with windows exactly like this! Had never seen them before.
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@pslohmann this video is for you. Staying with friends upstate and they have some old windows that open and close in a super cool way.
Enjoy.
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@floydfajardo22 Not a blanket answer unfortunately and depends on a lot of factors. I flip under an S-Corp and flipping is only one of several revenue sources for the company
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@floydfajardo22 Do you mean taxes as a carrying cost or taxes on the gains?
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@REI2point0 How much do you allocate for taxes per flip?
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@moseskagan Daily motivation and inspiration from people killing it in different areas and asset classes has made me laser focused on killing it in MY area and asset classes
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@LandlordRev First glance I thought it was batteries, and thought wow that really is generous
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