ilmscore | How to Replace Your W2 Income with Rental Properties in Just 3 Years

How to Replace Your W2 Income with Rental Properties in Just 3 Years

Published: 2024-07-29
Status: Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Prediction
Topic
Status
Henry Washington to close on a real estate loan the week of August 5, 2024 (next week from the video's publish date).
"I'm closing on a loan next week"
Real Estate Investing
Pending
Grant Frankie intends to not actively pay down existing real estate debt, instead holding properties with current good interest rates (some locked for 10 years during COVID) and making only regular payments.
"financing wise uh we're not really looking to pay down debt uh we secured some pretty good interest rates during those Co loads and we were able to lock some of that in for 10 years for that so we we're going to hold that as long as we can so we're just paying down our our usual payments"
Real Estate Investing
Pending
Grant Frankie plans to continue growing his real estate portfolio by utilizing commercial banks, building new relationships with lenders, and seeking additional financing options.
"for as scaling goes yeah we're still going to continue with those commercial Banks and building relationship with those people and and trying to find more lenders as well so we can always have a couple in our back pockets if we need them"
Real Estate Investing
Pending
Grant Frankie will continue to grow his real estate portfolio through 'controlled growth,' focusing on acquiring and holding nice, cash-flowing properties in good areas for long periods, moving away from aggressive, high-volume acquisitions.
"we're still just doing controlled growth... I'm only going to buy stuff that I want to hold now for long periods of time... we're just going to continue to grow buying nice properties and nice areas that cash flow well"
Real Estate Investing
Pending
Grant Frankie expects the recently contracted real estate deal (a fourplex) to generate positive cash flow after a 25% down payment.
"this deal that we just got under contract we're still doing the 25% down on it and it's going to cash flow for us"
Real Estate Investing
Pending