Unlock Your Real Estate Future: Which Stage Are You Truly Playing At Right Now?
Tony:
Sure. So it’s about 15 total properties that probably adds up to 25 to 30 doors. It’s a mixture of the industrial garage of five unit property and then mostly two to three unit homes in a few single family properties.
Dave:
How do you think about growing it from there? Because you have a bunch of different assets. Are you trying to grow in one particular area? Are you thinking about trading out any of the older properties or what’s your plan?
Tony:
So I think the older properties are the retirement plan. So that will be the cashflow that allows me to live the lifestyle that we want to live. Once those are fully paid off for that cashflow will be our income. What I want to do is projects, like I’m doing the condo project, I want to do maybe small subdivision projects where I’ll build multiple houses or take a raw piece of land, convert into 10 buildable lots, and then build out one or two homes a year. So those are the kind of projects that I want to start diving into because you weed out some of the competition and being able to do that, and you kind of project multiple years of real estate projects where if you do a cosmetic makeover where you can do it in three months, well you got to start searching for the next project pretty quickly after that.
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