She tried the Financial firefighter method. Growing a lot in those first two years. There is a reason why we say it’s a ten year journey. She even said “I regret building and scaling this fast”
Stephanie has ambition to spare. If she can get through 3-4 years and focus on paying down some property’s she will skiiing down the mountain instead of climbing it. Would love to see an update in a year or so.
She has only been in this process for 18 months, and has been buying properties up to this point. This is way too much based on how many properties she bought. You said it right she has to stabilize.
I like Dion's rule of thumb. You shouldn't live off the rental income until it's at least 4 times your monthly expenses. I will also say as you're scaling, you should de-risk your portfolio. Keep more money in reserves. Get three months ahead of the mortgage payments (my favorite strategy). Maybe pay off a property or two by selling off the poor performing ones. Reinvest in capital expenditures. Etc.
Any business you start requires reserves. I don't think she should have grown that fast, and then felt too much pressure. If she started out more slowly, she could have built in more comfort.
So glad an avenger found this. So many issues about this video. 1. She needs to explain her actual method of calculating cashflow. Does it include the 15% removal of Capex, maintainance, vacancies? She doesnt even say. Also, 22 units in 18 months is a metoric rise. She uses credit cards and doesnt have reserves or saved up income for make ready. I'm all for a fast jump in, but you got to crawl to run and it feels like the didnt.
I’m confused by many aspects of this. 1)She cash flows 600 a month on 22 units.. there should be zero issue of having cash. She should able to tank right through bad maintenance months. 2)she apparently had no w2 Job while she acquired 22 properties in 18 months? How? Where did she get these mortgages from with no money down and no w2? If she used hard money lender than there’s no way she got a duplex that brings in 2400 and only cost 1300 unless it’s in the complete ghetto. Which could Be the exact problem Side note - you know what’s way less risky than starting real estate investing in multi family? SFH… ones that aren’t in warzone ghettos
The fact that she said a roof goes out, shows she has no idea! Roofs don’t go out like an appliance! There is plenty of lead time knowing when a roof is getting bad.
Great video Mike. I really liked the way that you advised her without demeaning her and what she had done. As alway, you were very concise and articulate. I hope that she reaches out to you. By the way, congrats on getting to 10 K + subs!
I know Stephanie. This is my market and I spoke with her and her business partner a couple of years ago before they started their business. She's the stereotypical A type personality that's a little too ambitious for her own good. They weren't experienced enough in life to understand that 18 months is baby beginner time. Cash flow is a point of confusion within the real estate community, which she clearly misunderstood. Most definitions are wrong. In business free cash flow is net income then adding back non cash expenses like depreciation and amortization. It's definitely not rent minus mortgage.
@@HappyandBlessed-wj7gc Overall I think it's a great place to invest. Plenty of upside in the future, high demand for rentals. But it is still very competitive, tough to find deals that pencil. She's great at finding the deals, just needs to be more conservative in her approach
My question is how did they get the loans to buy 22 properties? Especially being new. It couldn’t be rental income based because normally for that you’d have to show a couple years of said income. Some things aren’t making sense.
This is for Stephanie, did you forget Capex expenses. People who hate RI is that they do not put money aside for liabilities. You’re right Mike. She should Stop counting money before she receives it. 18 months, in the business and doesn’t have any money for ongoing maintenance. I took 2 years before I started drawing on my investment just so I can have the property renovated enough, to relax.
I love that she casually dropped the term real estate “guru” when referring to herself.. like other gurus won’t tell you the truth. Yet she didn’t budget for repairs in his own rentals. 😅
3:52 10 grand minimum for roof 4:14 hot water tank is 400 but could cost 600 to install it 14:17 file insurance claim if roof is bad repairs mostly out of pocket is true
Managing 22 rental properties is a full time job and then some. She's going to have some evictions, advertising, 11pm phone calls saying my bathtub won't drain or the heat isn't worker, showing property to prospective tenants, screening tenants, ect.... My only question is, what is she making per hour? It is possible for her to be making below what a property manager would make per hour.
Agreed she's misusing the word cash flow. Cash flow should be AFTER you've put aside money to pay for maintenance, repairs, vacancy with each unit. If you don't have a buffer of cash for each property then you shouldn't be buying the next one...
Great video Mike. She grew really fast. It can definitely bite you in the butt doing the no down brrrr strategy. Paid off properties are what I have always strived for and higher cashflow is a huge plus. Hope t see you next month in Vegas. Take care friend.
Thanks Mike. Good video to illustrate what NOT to do, and explain what you really need to understand as you get into investing. It seems like they listened to Bigger Pockets episodes from a few years ago when they promoted this type model all the time.
New to your channel and I agree that it should be somewhere in the middle. I’d love for you to sit down and chat with her! (Especially since she wasn’t clear with her numbers) Also as you said it looks like she has some nice multi-family properties which it what you need right now) Subbing to check out your other videos.
To apply for section 8 to accept your rental property for rent and owned by 2 people is 1 signature requirement Or both needed for for your application to be considered
Why 30 or 100? Why not just 2-8... The only answer I got is greed. Plus ieach additional income has diminishing returns to improving your life. The difference between 1 million and 10 million a year is small in terms of improving your life. The difference between 50k 100k is huge, the difference between 100k and 300k is large but not as big as 50-100k. 300k - 1 million is smaller, 1 million - 10 million is even smaller.
Lots of people can buy quickly with mediocre deals or bad deals. Slow down and find good/great deals. Analyze correctly and you won’t regret. Be like Mike!!!
Investors need to realize the very first deal will set the pace for the next deal… if that first deal is properly cash flowing or maybe an even better approach for a first deal would be to house hack utilizing down payment assistance and putting down a significant down payment on a multi family unit…
All these rental math is not that complicated. It is not like she is in investment banking in which she has to calculate the equity value vs. the enterprise value of a company. With that said, how can she not know how to calculate cashflow??? It just seems crazy that a bank is willing to lend her money when she doesn't even know the basics of the rental market.
She did not max out on refinancing and or seek out other lines of credit that she could have utilized so they are low on cash and she cannot focus on property management….
It's not about the fast growth. She was expecting profit really fast. Which alot of fake gurus make it out to be. It's a must you put aside a percentage for emergencies.
I saw her video earlier. She did a very good job at describing where went wrong. They basically scaled too fast without enough cash reserves. If she bought 22 properties in 5yrs, the probably would be doing great...
Right out of the beginning of the video … as the woman explained her situation … I automatically knew her budgeting skills are off… she scaled without running the numbers to afford to scale.
How did she get 22 properties in 18 months? You can only refinance at the earliest at the 6 month intervals for most banks. How much money did she and her partner start with?
Too many ppl jump into owning rentals & have ZERO idea how to make repairs themselves at 1/4th the cost of hiring a Contractor/Handyman, how to lease/manage rentals nor how to maintain Bookkeeping.
The video the woman made was among the most authentic I’ve seen. The Mike guy is approaching the video as if she’s claiming to be an expert. My advice would be for the woman to take the hit and hire a property manager and accept a W-2 job for a year or two. Simple. But her video is a great learning lesson of how a beginner might do things differently
In the story, they are not cashflowing 600 dollars per month per unit - more like 400 depending on how much she paid per unit… absolutely have to include upkeep, maintenance AND repairs (usually 1-2% of the total value of the unit annually but it may only need to be taped for big expenses once every 5-10 years or so)
If she got her math problem wrong for maint upkeep and repairs, who knows what else she got wrong - they should also be paying themselves a static wage if she needs money, don’t buy that 22nd unit, maybe wait until next month or next year
I wonder at what point does this hurt the regular person when folks buy so many properties? How many people does it take to affect the market in such a way that you price people out of homes and contribute to the housing issue?
I havent finsihed watching your vid yet, but i also commented on her vid saying cashing flowing 300$ on a rental is NOT a good deal, its wasting your time,
She is ambitious indeed she didn't factor in a few important things. She needs to have to have a pro go over her financials. She is young she can start over.
Well trial and error she learned she made a mistake and she's telling us I appreciate her content least she's not blaming nobody many investors made mistakes like that and they go on and be successful
She GOT GREEDY. HANDS DOWN. I only watched 1:00+ of her Video before I watched Yours, and I don't have a short-attention span. As soon as she got to the part of things BREAKING I already knew. I've seen it in My own experiences owning Real Estate & being a Tenant/My Parents - owning 8 properties/Family & Friends owning Real Estate.
Personally, I plan on banking 100% of cash flow. Small time Investing takes time to become established. Any business in its infancy will take more than it gives in the beginning. Only investors with deep pockets can buy buy buy quickly. And even they run the numbers and have other investments in their portfolio.
Ppl need to have a cushion on $5K per unit just in case of emergencies. Remember if it was so easy EVERYONE would do it. I have 2 passive income streams and it had its ups and downs and downs. Rarely does everything go smoothly.
This dude really thinks in 3 years these crummy properties him and her bought outside of California and Florida are going to have equity and make a profit monthly with no money down 😂😂😂😂
Hey brother, I couldn't help but notice the hat behind you. Does that say Gary Indiana? And it looks like you're also a brother in blue. Luv ya already.
Business isn’t for everyone. The big mistake people make is they think if they just buy enough real estate they will be set and this is a bad idea. Here is a better idea , get good with money. If you’re good with money then money will not be a problem. Master Dave Ramsey FIRST then if you can do that with no trouble you can master Robert Kiyoski next then you can master Dion financial talk after that then you can try out Mike the millennial police man.
I was suggested this video also... She was sounding so ridiculous AND I'm a noob at this. And that just listening to Dion, Mike, and Mat(the Three Amigos) and making plans.
Mike, I think you got trolled. She put no money down, she acquired 22 rental properties, and she’s earning $154,000 a year in profit. She’s not genuinely complaining about her circumstances, rather, she’s trying to discourage competition from entering the landlording business so she can continue to buy houses without running up the prices. LOL. But seriously, some people can learn from instruction and other people have to learn from experience. Stefanie clearly did not do much investigative work before diving in to this business (or her partner did all of the investigative work and she just supplied a credit worthy name on a credit application without thoroughly understanding what she was jumping into). Some people learn beforehand while other people do their learning afterwards. It looks like Stefanie does her learning afterwards. As you pointed out, if she can weather the storm, five years from now she will be delighted that she jumped into this business.
@@ronaldstivers5921 what would you like to see? I have multiple videos on my channel breaking down specific rental properties I own and breaking down all of the cash flow down to the dollar exposing all of the costs
She tried the Financial firefighter method.
Growing a lot in those first two years.
There is a reason why we say it’s a ten year journey.
She even said “I regret building and scaling this fast”
Imagine her buying 1. Figuring out that she needs to improve underwriting. Then buys a better one the next year. And so on so forth.
Agreed!
People constantly don’t consider maintenance and vacancies in their numbers. Big mistake!
Stephanie has ambition to spare. If she can get through 3-4 years and focus on paying down some property’s she will skiiing down the mountain instead of climbing it. Would love to see an update in a year or so.
She has only been in this process for 18 months, and has been buying properties up to this point. This is way too much based on how many properties she bought. You said it right she has to stabilize.
This this right here
I like Dion's rule of thumb. You shouldn't live off the rental income until it's at least 4 times your monthly expenses.
I will also say as you're scaling, you should de-risk your portfolio. Keep more money in reserves. Get three months ahead of the mortgage payments (my favorite strategy). Maybe pay off a property or two by selling off the poor performing ones. Reinvest in capital expenditures. Etc.
Dion has the greatest rules of thumb for real estate investing
Any business you start requires reserves. I don't think she should have grown that fast, and then felt too much pressure. If she started out more slowly, she could have built in more comfort.
So glad an avenger found this. So many issues about this video. 1. She needs to explain her actual method of calculating cashflow. Does it include the 15% removal of Capex, maintainance, vacancies? She doesnt even say. Also, 22 units in 18 months is a metoric rise. She uses credit cards and doesnt have reserves or saved up income for make ready. I'm all for a fast jump in, but you got to crawl to run and it feels like the didnt.
I’m confused by many aspects of this. 1)She cash flows 600 a month on 22 units.. there should be zero issue of having cash. She should able to tank right through bad maintenance months. 2)she apparently had no w2 Job while she acquired 22 properties in 18 months? How? Where did she get these mortgages from with no money down and no w2? If she used hard money lender than there’s no way she got a duplex that brings in 2400 and only cost 1300 unless it’s in the complete ghetto. Which could Be the exact problem
Side note - you know what’s way less risky than starting real estate investing in multi family? SFH… ones that aren’t in warzone ghettos
The fact that she said a roof goes out, shows she has no idea! Roofs don’t go out like an appliance! There is plenty of lead time knowing when a roof is getting bad.
Great video Mike. I really liked the way that you advised her without demeaning her and what she had done. As alway, you were very concise and articulate. I hope that she reaches out to you. By the way, congrats on getting to 10 K + subs!
Scaling too fast as the vein of many Real Estate Investors existence and a rookie move that has bankrupted more people than it's helped
The first 5 years are known to be tough.
Thanks Mike. This is must watch if someone closes on their first rental and looking at their 2nd one.
Mike you broke this down masterfully. It seems she was never stabilized. Running numbers is life or death.
Agreed. She took too much risk by scaling too fast.
I know Stephanie. This is my market and I spoke with her and her business partner a couple of years ago before they started their business. She's the stereotypical A type personality that's a little too ambitious for her own good. They weren't experienced enough in life to understand that 18 months is baby beginner time.
Cash flow is a point of confusion within the real estate community, which she clearly misunderstood. Most definitions are wrong. In business free cash flow is net income then adding back non cash expenses like depreciation and amortization. It's definitely not rent minus mortgage.
What's the market ?
@HappyandBlessed-wj7gc Central PA (LancasterDauphin county and surrounding areas)
@lifeforgod07 Yes that's kind of the area that I was thinking it was.
@@HappyandBlessed-wj7gc Overall I think it's a great place to invest. Plenty of upside in the future, high demand for rentals. But it is still very competitive, tough to find deals that pencil. She's great at finding the deals, just needs to be more conservative in her approach
My question is how did they get the loans to buy 22 properties? Especially being new. It couldn’t be rental income based because normally for that you’d have to show a couple years of said income. Some things aren’t making sense.
Great Analysis of this video Mike. Good to see you out here again. The " Unknown " Avenger. 😅
Loved your advice. My overarching strategy is to flip and funnel a percentage of profit to properties i cherry pick for long term buy and holds.
I know Stefanie and have rentals in the same market (I bought 8 since 2019). The stabilization is key lesson to learn for both of us.
What's the market ?
Great breakdown
Thanks Mike
Thanks for the video Mike!
Great show I love when analyst critique others in the same industry 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
I have a hundred homes and hired a property management company
Helped free up so much free time 😊
This is for Stephanie, did you forget Capex expenses. People who hate RI is that they do not put money aside for liabilities. You’re right Mike. She should Stop counting money before she receives it. 18 months, in the business and doesn’t have any money for ongoing maintenance. I took 2 years before I started drawing on my investment just so I can have the property renovated enough, to relax.
Great "basics" video, Mike! Very sound advice and well presented. Hopefully she watches this and maybe is able to re-set and stay in the race.
I love that she casually dropped the term real estate “guru” when referring to herself.. like other gurus won’t tell you the truth. Yet she didn’t budget for repairs in his own rentals. 😅
3:52 10 grand minimum for roof 4:14 hot water tank is 400 but could cost 600 to install it 14:17 file insurance claim if roof is bad repairs mostly out of pocket is true
I watched her video, your comments are thoughtful 👍
Managing 22 rental properties is a full time job and then some. She's going to have some evictions, advertising, 11pm phone calls saying my bathtub won't drain or the heat isn't worker, showing property to prospective tenants, screening tenants, ect.... My only question is, what is she making per hour? It is possible for her to be making below what a property manager would make per hour.
Agreed she's misusing the word cash flow. Cash flow should be AFTER you've put aside money to pay for maintenance, repairs, vacancy with each unit. If you don't have a buffer of cash for each property then you shouldn't be buying the next one...
Great advice you gave her. I hope she does contact you and have you as Mentor. She'll be fine with a little patience and quality advice.
Great video Mike. She grew really fast. It can definitely bite you in the butt doing the no down brrrr strategy. Paid off properties are what I have always strived for and higher cashflow is a huge plus. Hope t see you next month in Vegas. Take care friend.
Thanks Mike. Good video to illustrate what NOT to do, and explain what you really need to understand as you get into investing. It seems like they listened to Bigger Pockets episodes from a few years ago when they promoted this type model all the time.
New to your channel and I agree that it should be somewhere in the middle. I’d love for you to sit down and chat with her! (Especially since she wasn’t clear with her numbers) Also as you said it looks like she has some nice multi-family properties which it what you need right now) Subbing to check out your other videos.
How much a unit rental property? It is fast 22 unit in 2 years.. how much down payment is needed?
Hello Mike what if you have 2 owners as landlord do both landlords have to sign or just 1
To apply for section 8 to accept your rental property for rent and owned by 2 people is 1 signature requirement Or both needed for for your application to be considered
Why 30 or 100? Why not just 2-8... The only answer I got is greed. Plus ieach additional income has diminishing returns to improving your life. The difference between 1 million and 10 million a year is small in terms of improving your life. The difference between 50k 100k is huge, the difference between 100k and 300k is large but not as big as 50-100k. 300k - 1 million is smaller, 1 million - 10 million is even smaller.
Lots of people can buy quickly with mediocre deals or bad deals. Slow down and find good/great deals. Analyze correctly and you won’t regret. Be like Mike!!!
14:40 I agree… she is realistically only making around 37k per year that’s why she’s hurting… her financial forecasting skills are not on par.
Let’s collaborate! Moved to Mobile AL from LA in 2022 and have portfolios in both states!
Sounds like she doesn't understand the math on her own properties....
how do you find 22 units?
Great comments Mike!
Investors need to realize the very first deal will set the pace for the next deal… if that first deal is properly cash flowing or maybe an even better approach for a first deal would be to house hack utilizing down payment assistance and putting down a significant down payment on a multi family unit…
Can you sell a property and 1031 exchange on another property you already own?
Awesome video!
Thanks mike.. Miss you.. and your content for awhile. She should be introduced to Oraat and learn the right way to invest RE
All these rental math is not that complicated. It is not like she is in investment banking in which she has to calculate the equity value vs. the enterprise value of a company. With that said, how can she not know how to calculate cashflow??? It just seems crazy that a bank is willing to lend her money when she doesn't even know the basics of the rental market.
Thank you! 😮
She did not max out on refinancing and or seek out other lines of credit that she could have utilized so they are low on cash and she cannot focus on property management….
It's not about the fast growth. She was expecting profit really fast. Which alot of fake gurus make it out to be. It's a must you put aside a percentage for emergencies.
I saw her video earlier. She did a very good job at describing where went wrong. They basically scaled too fast without enough cash reserves. If she bought 22 properties in 5yrs, the probably would be doing great...
Right out of the beginning of the video … as the woman explained her situation … I automatically knew her budgeting skills are off… she scaled without running the numbers to afford to scale.
How did she get 22 properties in 18 months? You can only refinance at the earliest at the 6 month intervals for most banks. How much money did she and her partner start with?
Likely non traditional loans
Probably hard money or private money
Seller financing, conventional non-qm and DSCR mortgages is how we bought houses.
I watched that video about a week ago. Lady should have done her homework before investing.
Good take o. Her video
Well done video!!
Too many ppl jump into owning rentals & have ZERO idea how to make repairs themselves at 1/4th the cost of hiring a Contractor/Handyman, how to lease/manage rentals nor how to maintain Bookkeeping.
Mike, the man, great breakdown, you odd to send her the ORAAT community information.
You have to appreciate her transparency, but I agree she scaled to quickly.
The video the woman made was among the most authentic I’ve seen. The Mike guy is approaching the video as if she’s claiming to be an expert. My advice would be for the woman to take the hit and hire a property manager and accept a W-2 job for a year or two. Simple. But her video is a great learning lesson of how a beginner might do things differently
I agree with you. She didn’t have to share any of her experience with strangers online but we get to learn from her real life experience.
In the story, they are not cashflowing 600 dollars per month per unit - more like 400 depending on how much she paid per unit… absolutely have to include upkeep, maintenance AND repairs (usually 1-2% of the total value of the unit annually but it may only need to be taped for big expenses once every 5-10 years or so)
If she got her math problem wrong for maint upkeep and repairs, who knows what else she got wrong - they should also be paying themselves a static wage if she needs money, don’t buy that 22nd unit, maybe wait until next month or next year
thanks
I wonder at what point does this hurt the regular person when folks buy so many properties? How many people does it take to affect the market in such a way that you price people out of homes and contribute to the housing issue?
I havent finsihed watching your vid yet, but i also commented on her vid saying cashing flowing 300$ on a rental is NOT a good deal, its wasting your time,
She is ambitious indeed she didn't factor in a few important things. She needs to have to have a pro go over her financials. She is young she can start over.
Well trial and error she learned she made a mistake and she's telling us I appreciate her content least she's not blaming nobody many investors made mistakes like that and they go on and be successful
I can’t make any sense of her logics. This is 3rd graders first week on stock market impressions and results. Great catch Mike!
She GOT GREEDY. HANDS DOWN. I only watched 1:00+ of her Video before I watched Yours, and I don't have a short-attention span. As soon as she got to the part of things BREAKING I already knew. I've seen it in My own experiences owning Real Estate & being a Tenant/My Parents - owning 8 properties/Family & Friends owning Real Estate.
Personally, I plan on banking 100% of cash flow. Small time Investing takes time to become established. Any business in its infancy will take more than it gives in the beginning. Only investors with deep pockets can buy buy buy quickly. And even they run the numbers and have other investments in their portfolio.
Sounds like she didn’t do her due diligence and blindly followed her partners lead
Ppl need to have a cushion on $5K per unit just in case of emergencies. Remember if it was so easy EVERYONE would do it.
I have 2 passive income streams and it had its ups and downs and downs. Rarely does everything go smoothly.
Sell um?? 😂😂😂 You aint gettin no equity in those properties she bought hell u gone sell for and get nothing
I also feel like her buy box was way to big
Best advice: Slow down. Take it easy! Rome was not built in a day.
This dude really thinks in 3 years these crummy properties him and her bought outside of California and Florida are going to have equity and make a profit monthly with no money down 😂😂😂😂
You must sell homes to make your living,and need to keep selling in the worse time in history to buy a home.She is absolutely correct.
Hey brother, I couldn't help but notice the hat behind you. Does that say Gary Indiana? And it looks like you're also a brother in blue. Luv ya already.
Business isn’t for everyone.
The big mistake people make is they think if they just buy enough real estate they will be set and this is a bad idea. Here is a better idea , get good with money. If you’re good with money then money will not be a problem. Master Dave Ramsey FIRST then if you can do that with no trouble you can master Robert Kiyoski next then you can master Dion financial talk after that then you can try out Mike the millennial police man.
Needed a liquid emergency fund is all she needed
Long story short, if your expenses + hidden expenses are greater than your income, you’re wasting your time.
That ismy crush, so leave her alone. She is learning. She will get it.
I bet she doesn’t actually own any properties
I believe they are all under her "partner's" name.
I’m going to react to this reaction about react to buying 22 rental units if you don’t mind
@Greebs 😂😂 do it bro! And send me a DM on Instagram of the link to your video so I can watch it!
I was suggested this video also... She was sounding so ridiculous AND I'm a noob at this. And that just listening to Dion, Mike, and Mat(the Three Amigos) and making plans.
Mike's Alive!
I regret paying off my mortgage said no one
she literally said it was her fault and why lol
5k a roof I'll jump all over that 😂 try 10k for 1500 sqft ...
It just all feeds the Matrix
I have 111 rental units been doing it for 15 years if you want to see what it’s really like give me a subscribe 👀👀👀
Oh yes she did alot wrong.
She need a mentor
Please leave her a message directly for an invite how do you know she will see this vlog 💎💎💎💎💎💎
She never heard of contingency money lol
Mike, I think you got trolled. She put no money down, she acquired 22 rental properties, and she’s earning $154,000 a year in profit. She’s not
genuinely complaining about her circumstances, rather, she’s trying to discourage competition from entering the landlording business so she can continue to buy houses without running up the prices. LOL.
But seriously, some people can learn from instruction and other people have to learn from experience. Stefanie clearly did not do much investigative work before diving in to this business (or her partner did all of the investigative work and she just supplied a credit worthy name on a credit application without thoroughly understanding what she was jumping into). Some people learn beforehand while other people do their learning afterwards. It looks like Stefanie does her learning afterwards. As you pointed out, if she can weather the storm, five years from now she will be delighted that she jumped into this business.
damn im so glad i dont touch real estate. the numbers are so lame considering the effort, stress and work. my brokerage account goes brrrr
How does someone get in touch with you?
Bought 4 sold 1 payed units down did this 5 times over 4 yrs now own 15 units clear in 7.5 yrs.
Your advice is good but you don't have hard numbers.
@@ronaldstivers5921 what would you like to see? I have multiple videos on my channel breaking down specific rental properties I own and breaking down all of the cash flow down to the dollar exposing all of the costs