ilmscore | Buying ONE Rental Changed My Life: 4 Years Later, I Quit My Job

Predictions from this Video

Total: 2
Correct: 0
Incorrect: 0
Pending: 2
Prediction
Topic
Status
Deandra plans to be completely debt-free, including mortgage debt, by the age of 40. She intends to maintain her current portfolio of approximately 30 units, using profits from flipping properties to reduce existing debt.
"I am trying to be debtree by 40. Oh, I don't want business debt. I don't want personal debt. I would like to be done. Does that include mortgage debt? Yes, that includes all. So, right now I'm sitting at about 30 units and I would probably stay here. This is about as tapped as me and my team want to do. So everything else will be just to flip to pay down the debt on what we have so far."
Personal Finance / Real Estate Investment Strategy
Pending
Deandra is very interested in converting large motels (50-80 units) into assisted living facilities, believing they offer a perfect and easy setup for this purpose. She envisions acquiring and preparing the properties, rather than operating the facilities herself. She also predicts this pursuit could potentially delay her goal of being debt-free by 40.
"I am very very interested in assisted living. Um I also think the larger motel are perfect for that. I have stayed away from the big guys. How big is a big motel? To me, the big motel is the 50 80 unit properties... in my mind, it's just the perfect setup... It just feels like an easy lift... if I am not debt-free by 40, it's cuz I bought [a large motel for assisted living]. And for me part of it is like I'm not trying to run the facility. Right. Right. My job is to get the property."
Real Estate Development / Assisted Living
Pending