To hear all the details of Marc's investing plan, listen to his podcast interview.
Goal: Acquire debt free, income producing real estate to generate $5,000 per month in cash flow.
Acquisition Plan: Acquire property through the MLS, through opportunities to purchase from clients, through door flyers placed on neighborhoods of interest, or any other means.
Debt Plan: As the goal is to acquire debt free properties, no more than 50% of properties may have debt against them at any one time. The debt level on any one property may not exceed 75% of the value. Financing should be as short term as possible with aggressive amortization schedules. All profits from properties will be used to paydown loan balances on other properties.
Property Type: Any income producing real estate that can be rented for apprx 1% of its value. Properties must be purchased for at least a 10% discount off their market value. Properties should be diversified among single family vs condo / townhome, and property class A and B.
Ownership Structure / Partnerships: No partnerships should be created without hard consideration to the individuals (including the spouses and families) of the proposed partners.