My friend is a teacher, makes $128,000, and has: • a week off in December • a week off in February • a week off in April • holidays and summers off That ~3 months off With a 6-figure salary Beats that 1-2 weeks off in the corporate world

Met a guy at a cigar bar in Miami who told me he's a loan shark Thought he meant broken kneecaps. He pulled out his phone and showed me a spreadsheet with 9 names on it and $418,000 next to them He's 31 and he's never had more than $20,000 of his own He lends to house flippers A flipper can get a loan to buy the house. Almost nobody will lend him the money to fix it. The lenders who do charge 12% plus 3 points and pay it out in slow little checks after an inspector shows up, so the flipper sits there with no kitchen paying $2,400 a month to own a gutted house This guy pays for the whole renovation himself. Cabinets, flooring and appliances go on his business credit cards at Home Depot and Floor & Decor. The contractor's invoices go through a bill pay service that takes cards for about 2.9% The flipper pays him nothing until the house sells His price: everything he put in, plus 20% of the profit, $10,000 minimum Receipts from his phone: House in Hialeah: put in $46,000, sold in 5 months, his cut was $21,400 Duplex in Tampa: put in $61,000, his cut was $27,000 A guy in Orlando who ran out of money with half a bathroom: put in $18,000, got the $10,000 minimum 7 weeks later Last year he did 14 houses and made $287,000 Every dollar he lent came from Chase, Amex, Bank of America and US Bank at 0%. A 740 score and an LLC got him $212,000 in one week. His wife did the same thing with her own LLC. The cards are 0% for the first 12 months, the average house is done in 5, and the money is back before the banks charge him a cent "what if the flipper just doesn't pay him" Before he spends a dollar, a title company records a lien on the house for about $500. The house can't be sold or refinanced until he's paid. He gets his money at the closing table before the flipper sees any "what if the house doesn't sell" It happened once. Ocala, sat for 11 months, he lost $11,000. Now he has rules: 1. Only houses where the purchase plus the repairs come in under 70% of what it'll sell for 2. Never more than $60,000 in one house 3. Half his total limit stays unused, always 4. He pays the vendors directly. The flipper never touches cash 5. He only lends to LLCs. Lending to a person on the house they live in needs a license in most states Where he finds them: every city has a real estate investor meetup. Search "REIA" and your city. Walk in and ask who's halfway through a rehab and out of money. He says half the room raises a hand he calls himself a loan shark because "private lender" never got him a free drink. Chase lends to him at 0% and he lends it to guys holding a sledgehammer for a fifth of the house lmfaooo (700+ score: 100K-250K at 0%. link in bio)

I just talked to a guy who makes $16,000 a month renting out a space he doesn't own. He works a full-time tech job in Georgia, and his business has been open less than a year. He paid $2,200 to rent a small venue for his wife's baby shower and thought, we could do this better. So he signed a lease and cleaned up the space himself on nights and weekends with YouTube tutorials. His best month was $22,500. He averages about $16,000 a month, with about $8,000 of that profit. No employees, just him and his wife. He spent less than $100 on Facebook ads and booked about $10,000 in parties in one day. Three churches pay him $1,000 a month each to use the space every Sunday. That covers his rent before he books any other party. He also put QR codes on the walls. Guests scan them, upload selfies, and the photos pop up on a giant LED wall during the party. Then he markets to everyone who uploaded, and 8% of them have booked their own event. The event business is live and well here in GA. In this episode Justin: - Breaks down a $1,000 bare bones rental versus a $4,000 full package - Shows the birthday mailers he sends 3 months before milestone birthdays - Gives me his Facebook Marketplace trick for $30 tables - Tells me why parking matters more than the building This one was really good.

10 years ago: 30-yr mortgage rate was 3.4% & median existing home price in the US was $235k Today: 30-yr mortgage rate is 7.4% & median existing home price is $418k Result: $37k increase in down payment (assume 20% down) & 178% increase in monthly payment (from $834 to $2,315)

$49,000 per apartment 22 vacant units! System is broken.

Manhattan saw $366M worth of apartment closings last week, led by American Eagle CEO's former condo at The Giorgio Armani Residences. A 2-bed in the West Village Houses, a former Mitchell-Lama complex, resold at market-rate for a 279% profit. Details: cityrealty.com/.../american-…

This is wild... There’s a farmhouse on top of a building in the West Village in NYC, and it just listed for $10.5 million. Porch. Garden beds. A vegetable patch. City skyline instead of a backyard. The penthouse at 719 Greenwich Street.