Installment loans for bad credit direct lenders
So for the listeners, if you guys want to get your question on the show, just call 18885 Rookie, leave a voicemail and we might use it on the show. I am currently a manager at a coffee shop, so our income is not very vast, I would say. And just things like that, just different alternatives to even using hard money, which is going to be harder if you have so much debt.
But definitely start with the meetups, maybe see if his wife will go with him and just kind of hear them out. So would that be something that you recommend to people, is getting a part-time job, working for someone who is investing or who is a realtor and maybe starting out and seeing if you would actually like to get your license? I just got lucky this year, she got cash loan companies her office here in our town and so it worked out, we could work together. And even if you have to float around to a few places like go to a property management company, work for them. Just get their installment loans for bad credit direct lenders systems down, figure out how they do it, deal with tenant relationships and inspecting their apartments and everything.
Ashley:And one thing to add onto that too is show them the numbers. And you can see what would real payday loan lenders work for your partner to, are they a numbers person where they want to see those numbers? And so, yeah, I just thought… We just had to figure out what worked for us. The paperwork and that side just is not going to be his thing. Ashley:And the fact that you made it so that he could quit his full-time job too, had to be a nice incentive to show him like, hey, we can make this happen. No, it felt like, oh, three more years and it was like pillar to him to hear like some many more years, but it just we took the jump. Now, Jacqueline, before we let you go, we want to ask you just a couple more questions to get to know you a little bit better.
So I guess my first question for you is what tools or software are you guys using installment loans for bad credit direct lenders to help support your flips?
Are you guys managing this through like Excel and text messages? Or do you have some kind of really cool website, just what tools or software you guys use it? So I would share that with anyone if they need something to get started. Our tax person loves it, but I decided this past week, I wanted to start using QuickBooks with my tax advisor. Tony:The Excel file, are you using it just to track the expenses or?
But installment loans for bad credit direct lenders I save up all my receipts, I try to go through once a week and just enter them all in and try to reconcile with my bank.
Instead of just make my bank have like a, I guess I call it a ledger, and I keep all my bank accounts in there and that way I can sync everything, make sure it syncs on there and then it syncs on to my spreadsheet.
Easy loans company review
So I could also email you his sheet that he sent over their basic information on terms and everything. He started talking about his track clicks or his duplex he got with that single family. Ashley:Look, just what you explained right there, that short little bit. Ashley:My question for you is, what are some must haves that you have to do for flips in your area?
Is it every flip has to have granite, is it every house needs to have air conditioning?
But no, just I think payday loans colorado all fresh new paint, new flooring, just cleaned up. Ashley:Thank you so much for sharing everything with us.
And can you tell everyone a little bit about where they can reach you and find out some more information? So if you want to say more about the flips that we are on now that I talked about, you can get on there and check out our progress. We definitely had a great time listening to your story and make sure everyone checks out payday loans with monthly payments biggerpockets. The team at Memphis Investment Properties provides fully renovated Turnkey properties in Memphis, Tennessee. With in-house property management, their Turnkey model allows you to passively grow your rental portfolio with properties in one of the best cash flowing markets in the country. In fact, crunching numbers is one of the things Policygenius does best. Their insurance marketplace makes it easy to compare rates from the top home and auto insurance companies to find you the best price.
Not one, not two, but three real estate rookies join us on the first Real Estate Rookie episode of 2021!
Beth Henson, Jackson Seedott, Jordan Crockett all started their real estate investing careers in 2020, but are in different stages of the game. They each have contrasting strategies, goals, and visions for 2021, making this interview even more interesting!
Beth is also flipping houses as well and has a BIG revenue goal to hit in 2021 for her flipping business. Jackson is still looking to get his first deal under contract but made a very impressive personal finance transition in the 2020. He doubled down on his side business during COVID-19 and has seen revenue triple, which is going directly into his investing fund. Jordan bought a duplex within that 90 day timespan and house hacks one side of it.
These 3 investors talk about their visions for 2021, how they accomplished success in 2020, and what new investors can do to maximize their efforts for the coming year.
Beth:So, 2020 was my first year as a real estate investor, and my goals are pretty simple.
What were some of the things you felt you did that set you up to be able to move as quickly as you did starting in February, and now being in December to get six units? And I think that once you get… I got to a certain point I knew that I just had to rip the band aid off and just go. Are all of those six units, are they single family homes? Beth:My first two was a duplex and then the rest are all single family homes from there. I actually really… I really kind of prefer single family homes right now. And I continue to plan to build the portfolio there. I am aware of the importance of diversification and want to grow and scale in other markets. Probably not for this coming year, but maybe the next year.
But I would like to purchase a couple of properties in 2021 in short term rentals in a different market. And then installment loans for bad credit direct lenders I also have a side business that I do in addition to my W2 job, which I do woodworking and carpentry and stuff like that.
So I ended up with a lot of time on my hands, and that just allowed me to really pour into my side hustle, and scale that into almost my new full-time job. So, I knew that to get in a position where I could take action. I actually ended up tripling my revenue from 2019 this year, so had a really good solid year in that. You took a hard thing, COVID, and you turned it into a great positive for yourself. But first, I want to know what are some action items that you can give maybe an investor like yourself who is maybe looking to get their personal finances in order. Jackson:Probably the number one, the first thing that I would suggest is getting a budget. So you have to give every dollar that comes into your account a name or a place.
So if you have a mortgage payment, a rent payment, things like that. Not only keeping everything organized, but just keeping everything well budgeted and being as well capitalized as possible.
What made you think or what made you believe that starting a side hustle was what you needed to do to kickstart your investing career? I knew I needed an additional cheap loans with bad credit source of income from somewhere. And so, where the woodworking and carpentry came into place, in 2018 my girlfriend and I built our first home together. And so, we had this beautiful brand new home and nothing to put in it. And so, we were shopping around and looking for furniture and stuff and I just… I had sticker shock. Just put it out there and try to see what happened and it was received well. I did pretty well my first year so then in 2019, 2020 I started to take it a lot more serious. Started to look at it like an actual business, and so got it set up with an LLC, like a true business checking account. Kept everything for my business separate from my personal finances and really just trying to hit the ground running from there. So I love that you dived in headfirst and found something that worked for you.
Jordan, can you give us a little background on what you have been going on in the past year? So, we went to this church, it was this Catholic Church and it was 10 other super old couples. And that was… It was mind blowing, and super helpful, helped me and my wife just get on the same path as far as money, and how to operate. And then fast forward to January 2020 is when I read Rich Dad Poor Dad, and like everybody else that blew my mind.
I was like, "I got to figure out how to get out of the rat race.
Got recommended to BiggerPockets, watched the 90 day webinar on how to get your first property. I was listening to Taylor Naaman, and reached out to him, and he has become my mentor now.
Just kind of go over things, helps me with direction, has been hugely impactful. Tony:I want to ask one follow up question because you said you attended the BiggerPockets webinar that shows you how to get your deal in the first 90 days.
And I would assume that maybe only a small fraction of people actually get their first deal in the first 90 days. What do you feel you did differently than so many other folks that have gone through that, that actually allowed you to take action and get that deal done in such a short timeframe?
So my wife and I talked, we committed, and took the step to get the realtor, took the step to get pre approved.
Apply Online and Get up to $5000 in 5 Minutes!GreenLightCash