Just starting the episode but it seems like you all found a guest that is in longterm rentals , cash flow focused , and not syndicating or raising capital to build his business . This is awesome a lot of listeners want more and more content like this .
This was the best episode ever. You guys need to do MORE mom and pop land lord and how they did it from the start like this one. I bet you, the BP ppl who watch this show are more mom and pop land lord or how to start. Love this episode.
I just started reading David’s book “Pillars of Wealth” and plan on buying my first rental in a year max. Thanks for everything guys and thank you for sharing your experience Derius.
Just keep in mind that when you pay people by the hour, you have to keep workers comp for them, i use a policy for 25k annually and have served me well over the years
women are the emotional strength of real men. we love them and care for them to a point they would never understand. That's why the men on the Titanic gave their lives so Women and Children can live. I just hope modern society start appreciating us more at some point moving forward.
Super smart dude, he stuck it out and was determined to see it thru and learned so much and made it happen and is now reaping the rewards of his hard work and killin it. This is exactly what I’m planning to do with this but building my own smaller sized homes (I am a custom luxury home builder but now planning to build much smaller sized homes like these and buy some already made as well and build my real estate portfolio piece by piece, and dip into section 8 homes as well) I have the benefit of having all my personal trades for every area if building a home that I can use for remodels and building my own smaller ones out right as well. Great content brother! Keep em coming 💯
Damn he capitalized on a one in a lifetime chance in Michigan on cheap houses, that's awesome. Love to see that more than dudes that got Bitcoin at 5 cents a piece and now their worth 38 grand a piece lol. Gotta Google DTI to see what that means now
Great interview!! How does having debt on your property protect you? Especially considering the reduction in cashflow? Are you referring to tax shelters?
Really enjoyed the interview but I gotta ask how can you afford 50k in vacations with gross yearly rents of 66k? When you say 60%, that is your pure cashflow after all expenses and PITI? What about all those massive Capex expenses? You are netting 39.6K from that gross rent? These numbers just don't seem to add up to me.
I also shared that I eventually became a "Design Engineer" for a fortune 500 company. I was in college for nearly a decade . I struggled for many years and then the real estate rent combined with the change in job (Janitor to Design Engineer) really took my quality of life to a new level. I am now at the point rent is just extra money. Thanks for your questions. I am happy you enjoyed the show!😊
@@darius_oneofone Hello Darius, I hope all is well and thank you for sharing your insight on here. I wanted to ask you how you feel looking back at your MBA. Do you think it's essential to getting a good corporate job in your field?
@jordanthomas5259 an MBA only helps me if I become manager level in engineering. It doesn't help at all on the technical side, including pay. But I can honestly say. That the ceiling is alot higher in real estate for earning potential. Skys the limit in real estate.
Low values and low taxes. $150k values. $1400 rents. Although taxes on income is high so not sure that part. It will have low deprecation offsets because homes were cheap.
