P.O.O.R or R.I.C.H

My opinion is both buy fix and flip, so you have more cash to buy fix and rent.

I love the acronyms.

Where are you located in Texas?
Texas is such a massive state.
What is the biggest city near you?
I love Texas. Especially maybe the Austin area.

Do you own any properties?

Michael B

So true ! I hope it happens that way . . I hope to reach your last statement. Realistically got to skip the buy & fix part for now .

How about turning the R.I.C.H. into R.I.C.H.E.R. into your slogan ? The E.R. added = Every Renter .

That's like job : JOB = Just Over Broke !!

Residual Income is the key to wealth -- be it renting or flipping. I would like to successfully handle both !

Randy S.
Elkton MD

Jim, I agree. There is a natural progression, usually from single family to multi-family. Kind of like the game Monopoly. Remember that game, five green house equals one red hotel. : )

I just believe the ultimate goal in REI should be CASH FLOW.

Brian

Your down around or between Mission City and Alvin ? Bottom bottom side of Houston anyway.

Michael, I live about an hour South of Houston... Angleton, Lake Jackson area. I own one property right now, but looking for more in Lake Jackson because there is a lot of commercial development going on in that area.

Brian

Michael,
Lake Jackson, Angleton area.
Yes about an hour South of Houston.

Brian

I like yours too Randy !! Some say JUB = Just Under Broke !!

20 years up in the Spring/The Woodlands area . All the hurricanes made me say uncle.

Just Over Broke : )
Now that is funny. Never heard that one before, but I'll be sure to use it.
I agree as well, as RE investors we need to be able to handle both residual income and lump sums of cash from a sale.

However, my only point was; residual income is what we need to retire. Once our residual income meets and/or exceeds our expenses. Then we can do what we really love, be it: fishing, traveling, relaxing, spend more time with family, community work, charity or even if REI if it that's your passion.

Without CASH FLOW though, the money will eventually run out and we'll have to start the work process all over again.

How the ell old do you think I am, a course I remember monopoly.

Jim, I meant nothing by that buddy.