Showing posts with label cash flow. Show all posts
Showing posts with label cash flow. Show all posts
Friday, August 14, 2009
Thursday, July 16, 2009
The Game Plan
To get any where in life, you need a plan. Life should be played like a game. Why take it so serious? So here is my game plan for financial independence:
1. Start an LLC to buy and sell real estate.
2. Start out flipping properties, buying wholesale and quickly selling wholesale, to generate cash reserves.
3. Buy multi-family properties to hold and rent for monthly income, also known as cash flow.
4. Mature into apartment buildings and complexes where the serious money is made in real estate.
Okay, that's the plan. Step one is complete, as you will notice from our name, Half Moon Investments, LLC. Every journey begins with the first step. Now I just have to take the next step....
Oh, people have asked why Half Moon Investments? My wife, Nguyet is Vietnamese. Her name literally translated into English means Moon. She is my partner in business as well as life, so the business is half hers, or Half Moon's. And since we're investing in real estate...........
1. Start an LLC to buy and sell real estate.
2. Start out flipping properties, buying wholesale and quickly selling wholesale, to generate cash reserves.
3. Buy multi-family properties to hold and rent for monthly income, also known as cash flow.
4. Mature into apartment buildings and complexes where the serious money is made in real estate.
Okay, that's the plan. Step one is complete, as you will notice from our name, Half Moon Investments, LLC. Every journey begins with the first step. Now I just have to take the next step....
Oh, people have asked why Half Moon Investments? My wife, Nguyet is Vietnamese. Her name literally translated into English means Moon. She is my partner in business as well as life, so the business is half hers, or Half Moon's. And since we're investing in real estate...........
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