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418 - The Essential Elements of the Creative Financing Toolbox by Chad Carson

BiggerPockets Daily

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How to Make a Side Income From a Job

Landlord gets a letter from an energetic entripeneer named chris. Chris offers to lease her building for the same amount she currently receives in rent from two tenants, one thousand dollars per month. He also offers to perform immediate cosmetic repairs like painting and carpeting that will cost him five thousand bucks. If his vacancy and maintenance expenses are 400 dollars per month, he receives a positive cash flow of 600 bucks per month,. or 36 thousand dollars over the next five years. Stacking up a few deals like this caund make for very lucrative side income for chris. Or he could really ramp it up with more deals to completely replace his income from a job.

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