Brandaddy
Member
What is everyones favorite books on investing? I like to read a lot of financial literature, specifically based around real estate investing. For all the fellow investors out there, what are your favorite books or podcasts?
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A random walk down wall street
That's all you need to read to be successful. All the other stuff is BS
Rich Dad, Poor Dad is a decent one.
Basically about going from the “worker” mindset to the next level.
How much real estate do you have and or want? Can you wait for interest rates to collapse as they will innevetabely do? Are you renting or flipping? I have a lot of experience in both.
Value add rentals. So basically flip rentals to myself. I don't really have a set goal for how much i want to have. It's all I've done for the last year since my cashflow is considerably more than my bills now. Personally I'm just going to keep growing and scaling up.
Edit: I'm definitely not going yo wait for interest rates or property values to drop. This is my full time gig is real estate investing. Also, i owm too many properties to buy anymore under fannie mae mortgages. I only buy with a 20 year business loan now. Also i typically buy my deals with at least 50% OPM so i have to use business loans or HMLs because they are the only ones that loan without sourcing funds.
OPM?Value add rentals. So basically flip rentals to myself. I don't really have a set goal for how much i want to have. It's all I've done for the last year since my cashflow is considerably more than my bills now. Personally I'm just going to keep growing and scaling up.
Edit: I'm definitely not going yo wait for interest rates or property values to drop. This is my full time gig is real estate investing. Also, i owm too many properties to buy anymore under fannie mae mortgages. I only buy with a 20 year business loan now. Also i typically buy my deals with at least 50% OPM so i have to use business loans or HMLs because they are the only ones that loan without sourcing funds.
OPM?
Mind sharing your real estate strategy? Or where you learned it from?
I was just introduced to “Velocity Banking” by a coworker. You basically pay down mortgage principal as fast as possible, then use the equity to buy another rental, then repeat the process. He has not started but here is what I know about it: