I didn’t even know what that phrase meant.
Portfolio was a word rich Wall Street people used on TV.
I was just trying to keep the lights on and be happy I could at least make enough salary to allow my wife to be a stay at home Mom.
Here’s what actually changed for me
1️⃣ I started looking for things that made sense to me. I bought a study course on late night Infomercial How to buy your first Investment Property with No Money Down Carlton Sheets. 4 Payments of $74.99
2️⃣ That was it I poured over this material and did what he said. I got my team together and looked at as many properties as my Realtor would take me to.
I still have that Study course and in that book I wrote April 1 1999 I bought my first rental income property following the magic 1% rule.
Rents must be greater than 1% of the purchase price. Rent = $1,400 and the purchase price was $136,500
💬 Your turn:Where are you right now?
- “No portfolio, no clue (that was me).”
- “Just getting started.”
- “Already building, want to go bigger.”
Drop it in the comments so I know who I’m talking to 👇