Comments on: Free Houses: How to Build a $1 Million Real Estate Portfolio on the Side

By: K

Thu, 28 Mar 2024 21:27:49 +0000

I just finished listening, been wanting to get into this for awhile. Wonder how much has changed since this first episode aired. Interest rates are out of control and houses going for well over market price. You have to act fast, without any real time to consider a property. Maybe it is just my market?

By: Jagriti Singh

Jagriti Singh — Fri, 05 Jul 2019 06:38:14 +0000

Not surprisingly, property prices have stagnated or fallen in many cities, especially where investment demand was a big driver of the real estate market.

By: Nick Loper

Nick Loper — Sat, 21 Jul 2018 21:32:56 +0000

In reply to Russ. Austin didn't give me an exact cash flow figure, just that he aimed for at least $200 a door per month.

By: Don S

Don S — Fri, 20 Jul 2018 16:12:44 +0000

Without a lot of experience backing you, no hard money lender will fund 100%, they are usually around 70-75% LTV so you still need money up-front, unless you get additional private money or something to fill the gap. Just wanted to clarify so that people don’t think the hard money lenders will give you 100% of the purchase and rehab. You may still need some money up front, but once it is done and you can refi, you should then be able to get all borrowed money back. Unless you were off on your calculations. But yes, creative financing is the name of the game. You can possibly access retirement funds if your plan allows you to borrow. I borrowed from my 401k to purchase a great cash flowing property. No penalty, I pay it back to my 401k with interest that goes back to me as well.

By: Russ

Russ — Thu, 19 Jul 2018 22:40:58 +0000

I haven’t listened to the episode yet but I own a few rental properties (<5) and cash flow more than $3k monthly and my portfolio is not even close to $1M. Seems low – am I missing something that I'll catch by listening?