5
The
10
Deadly Mistakes
That Will Kill
Your Dream
Building a Huge Rental Base
Before Taking Care of
Today’s Cash flow Needs.
I could absolutely write a book on this
subject. When I first started in the business,
I started keeping every single property. All
of a sudden I had 55 properties in inventory
and no money to pay the bills. I actually
started thinking the real estate business
just didn’t work. Thank goodness I was
proved wrong, but not before learning a
very valuable lesson. I have my mentor
Ron LeGrand to thank for that. We started
liquidating some of those properties to get
cash coming in and then developed a plan
for how many houses we would retail and
how many we would keep each month
based on what our personal needs were. If
you are just starting out, believe me when I
tell that you wholesaling properties is a
really good way to build cash flow quickly. If
you want to keep some properties, you can
do that. Just make sure you develop a plan
of action that will work for you and your
personal finances. Make sure you have
enough cash coming in to meet your
personal needs and build a nest egg of
extra cash.