Real quick – I have some exciting news. We will be moving our newsletter from Revue to Substack starting next week!
Elon Musk has opted to discontinue Revue (our newsletter hosting service owned by Twitter). Hence our decision to move to Substack.
1.) You don’t need to do anything (literally)
2.) No big changes are coming to the newsletter
3.) The look might change some as we move to a new platform
Now for our last Featured RE Investor – it is my pleasure to introduce you to Kurt of 40 Plus Finance!
How many doors do you have?
As of today I have 4 doors
What got you into real estate investing?
Joined an investment group looking for information on combining infinite banking and other forms of investments.
What market(s) do you operate in?
Memphis, TN & St Louis, MO
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How would you describe your portfolio?
Single family rentals, buy and hold for the long term. All are 3 bed, 2 bath and in working class neighborhoods. All range of C+ to B class neighborhoods. I invest in out-of-state properties through turnkey real estate companies.
What are you currently buying?
Sweet spot is 3 bed, 2 bath in B class neighborhoods. Looking to expand into Alabama in 2023.
Tell us about your biggest mistake in real estate?
Not doing my due diligence for a property manager I worked with.
Tell us about your biggest win in real estate?
By far it’s been my first property, purchased in 2019. Even after 2022, it’s still appreciated 60% since purchase. Steady tenant there as well.
Outside of real estate what else do you invest in?
I’m pretty much all in on real estate at this point. I keep my cash reserves in a cash value life insurance policy. Other than that, slowly buying gold and silver.
Books people should read before investing
Best recommendation has nothing to do with real estate, but everything to do with investing, “What I learned losing a million dollars” by Brendan Moyniham & Jim Paul. 2nd recommendation would be “Tax Free Wealth” by Tom Wheelwright. 3rd is “Antifragile” by Nassim Taleb.
What advice would you give to a new investor?
The first rental will be the hardest, it’s natural. When you are ready to make the leap, do you do diligence, make sure you have reserves and then just do it. A few years from now you’ll be glad you did.
This week on the podcast
University Employee to Financial Independence in 4 Years with Real Estate with Taylor Coleman Adams
Bonus Episode: Funding Your Next Deal a Crash Course with Robin Simon of Easy Street Capital
Listen on Apple iTunes, Spotify, Google 👇
“I came to Rome when it was a city of stone … and left it a city of marble”
― Julius Caesar
Poverty to Prosperity the story of Lawrence Briggs